Verisk Updates US Hurricane Model

Verisk Analytics announced a significant update to its Tropical Cyclone Model for the United States, designed to enhance how hurricane risk is quantified and applied across insurance, reinsurance, and capital markets. The updated model, delivered on Verisk Analytics's new cloud-native Synergy Studio platform, incorporates a near-present climate view, advanced hazard and vulnerability modeling, and a clearer representation of loss drivers, including storm surge and inland flooding. Key scientific advancements include modernized tropical cyclone hazard modeling, enhanced vulnerability modeling reflecting modern construction practices, and a reengineered stochastic event catalog. The model underwent extensive external evaluation, including academic peer review. Rob Newbold and Jay Guin from Verisk Analytics emphasized the model's role in supporting risk decisions and providing a more realistic view of hurricane behavior. The model and Synergy Studio will be available starting June 15, 2026, with Verisk Analytics supporting clients through a phased migration. The model was developed by AIR Worldwide, a subsidiary of Verisk Analytics.