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Member, Beacon International Group, Ltd.
Aon Corp.'s Aon Benfield unit and Shanghai Typhoon Institute—STI--of China Meteorological Administration--the only state-funded typhoon research institute in China—announced Thursday that they had entered into an exclusive strategic partnership to boost typhoon research in China and deliver research to the insurance industry.
According to a statement released by Aon Benfield, the partnership, which is part of Aon Benfield Research's global academic and industry collaboration, will focus on two projects initially:
--seasonal typhoon forecasting and real time typhoon tracking and mapping through ImpactOnDemand, Aon Benfield's proprietary exposure management tool; and
-- developing an historical typhoon database for China to establish a consistent risk view of typhoon hazard and loss potential.
“The scope of the partnership will continue to expand to engage in more in-depth research on typhoon activities in the Northwest Pacific Basin,” said Aon Benfield in the statement.
STI is a state-level institution that has developed and maintains a database of meteorological information specific to cyclone activities in China.