Overview of demand surge
Provides an overview of the demand surge frameworks supported in Verisk Synergy Studio v1.0.0.
Verisk's standard demand surge framework
The standard demand surge framework uses the industry loss for a given event, and looks that up in a table which provides demand surge factors based on the level of industry loss experienced.
Verisk's framework
Demand surge was extended to Europe in 2023 through calibration of the demand surge model using available regional economic data, enhancing its ability to capture demand surge impacts across various perils.
Verisk's enhanced U.S. demand surge framework
The enhanced U.S. demand surge framework is new for Verisk Synergy Studio v1.0.0.
Model validation and applications
- Historical validation of enhanced U.S. demand surge
  Historical catastrophe events provide empirical evidence of demand surge and demonstrate how reconstruction timelines, labor market disruption, and construction cost inflation influence post-event losses.
- Application of enhanced U.S. demand surge in the United States
- References

References

AIR Worldwide. (2020). Insights into Economic Demand Surge After Hurricanes Harvey and Irma: 2017 Hurricane Season Review.

Guy Carpenter. (2014). Ten-Year Retrospective of the 2004 and 2005 Atlantic Hurricane Seasons Part 1: The 2004 Season.

Reconstruction of New Orleans after Hurricane Katrina: A research perspective. (2006). Proceedings of the National Academy of Sciences, 103(40), 14653-14660. doi:https://doi.org/10.1073/pnas.0605726103

Smith, S. K., & McCarty, C. (2006). Florida’s 2004 Hurricane Season: Demographic Response and Recovery. annual meeting of the Southern Demographic Association. Durham, NC.

Verisk Analytics. (2025). Verisk Hurricane Model for the United States.