Local hail size at the insured site, for parametric hail cover
- Good it would do
- 4 / 5
- Can AI help
- 3 / 5
- How neglected
- 3 / 5
- Can we check it
- 4 / 5
Why it's stuck
Global climate models cannot resolve hail. Payouts depend on hail size at one location, and the gap between the trigger and the real loss (basis risk) is the main thing holding these products back.
What we'd try
Run very high-resolution storm simulations and train models that turn radar data into ground-level hail size, tested against sensor networks.
What could stop us
Radar-to-hail-size machine learning and radar-triggered parametric hail products already exist commercially and academically, so the lab's added value may be limited or blocked by proprietary data.
Source: https://iopscience.iop.org/article/10.1088/1748-9326/ae57c2
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