Pie chart showing the relative sizes of hits, near hits and misses for predicted disasters impacting certain vulnerable cities

PAL’s technology for predicting the ‘where and when’ of extreme weather-related disasters is on target for near 90% accuracy

Posted on 1 CommentPosted in Chairman’s Blog

In 2015 a report “Small City, Regional and Global Predictions for 2015, 2016 and 2017” was sealed and lodged by Predict Ability (PAL) in the safe of a legal firm. The report was generated programmatically, using PAL’s proprietary prediction technology: this machine-generated report was designed to identify qualifying ‘disaster events’ predicted to occur within specified […]

PAL’s technology for predicting the ‘where and when’ of extreme weather-related disasters is on target for near 90% accuracy was last modified: October 22nd, 2018 by Bruce Menzies
cyclone gafilo

The Insurance Industry is already hammered by climate change – to punish it with heavy taxes is madness

Posted on Leave a commentPosted in Chairman’s Blog

The forthcoming InsiderScope panel discussion ‘Reinsurance: survival tactics in a brutal market’ on 9 May 2017 is timely. The Insurance Industry is being hammered relentlessly by the devastating effects of manmade climate change and the resulting claims payouts. At PAL, we estimate that the percentage increase in insured loss and damage attributable to global warming […]

The Insurance Industry is already hammered by climate change – to punish it with heavy taxes is madness was last modified: October 26th, 2018 by Bruce Menzies

A Radical Approach to Disaster Anticipation, Climate Change and Carbon Pricing

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Predict Ability has created a breakthrough in understanding and predicting the risk factors for natural disasters and provides extraordinary insight as to when and where they are likely to occur. A Radical Approach to Disaster Anticipation, Climate Change and Carbon Pricing was last modified: September 6th, 2018 by admin

A Radical Approach to Disaster Anticipation, Climate Change and Carbon Pricing was last modified: September 6th, 2018 by admin

PAL Loss Prediction Review for the first half of 2016

Posted on Leave a commentPosted in Press Release

Losses caused by natural catastrophes in the first half of 2016, as reported by Munich Re recently, were significantly higher than the corresponding figures for the previous year, despite the total number of loss events being significantly lower.  Total losses by the end of June came to US$ 70bn compared to the previous year being […]

PAL Loss Prediction Review for the first half of 2016 was last modified: August 8th, 2017 by Edward Coe