Verisk has launched a major update to its U.S. Tropical Cyclone Model, delivered through its new cloud-native Synergy Studio platform, providing more realistic assessments of individual and portfolio risk for insurance, reinsurance and capital markets.
According to Verisk, the updated U.S. tropical cyclone model reflects a near-term climate view based on recent tropical cyclone behavior and impacts, enhanced hazard and vulnerability modeling, and a clearer representation of loss drivers.
The company explains that it combines an updated stochastic event catalog, a peer-reviewed wind field methodology and a comprehensive reassessment of vulnerability to better understand how a hurricane is behaving today and how it translates into losses (such as losses from storm surge along the coast and losses from rainfall-driven inland flooding) to provide a more accurate and transparent view of risk.
The updated model has undergone extensive external evaluation, including academic peer review and the publication of a new hurricane wind field methodology, as well as independent expert review and assessment of new event sets and vulnerability modules.
Verisk observes that this process complements internal scientific validation by experts in its field and reflects the level of rigor required for risk assessments that inform high-stakes public and private decision-making.
As mentioned, the updated model, along with Verisk’s suite of global catastrophe models, is delivered on Verisk Synergy Studio, a cloud-native platform reportedly designed to unify catastrophe modeling, exposure management and risk analysis in a single environment.
“The platform supports larger, more complex portfolios through modern workflows and high-performance computing, while leveraging open, non-proprietary risk data formats and newer, globally connected financial modeling frameworks,” Verisk said.
By combining advanced science with a modern platform, Synergy Studio enables more frequent model updates and improved integration with enterprise risk workflows, the company added.
Rob Newbold, President of Verisk Catastrophe and Risk Solutions, commented: “Insurance industry leaders are dealing with a risk environment that is more complex and interconnected than ever before.
“The updated U.S. Tropical Cyclone Model and Verisk Synergy Studio are designed to support these decisions, providing a more defensive view of risk on a modern platform to help organizations assess risk, manage capital and operate with confidence in today’s climate.”
Jay Guin, executive vice president and chief research officer at Verisk, added: “This update reflects years of advances in atmospheric science, hazard modeling and damage validation. By combining a view of recent climate conditions with improved descriptions of winds, storm surge and flooding, the model provides a more realistic picture of how hurricanes behave and how losses might occur today, rather than decades ago.”
The updated model and Verisk Synergy Studio will be available starting June 15, 2026. Verisk says it is supporting customers through a phased migration process and providing validation resources and model documentation to support adoption.