RISK
REDUCE RISK, SAVE LIVES, PRESERVE PROPERTY
Our next-generation weather forecasting products and RaaS offer insurers and investors meteorological information to identify risks, plan for incoming severe weather events, and protect critical infrastructure.
NAVIGATE THE PERFECT STORM
The rapid rate of global climate change, catastrophic weather events and interconnection with business operations, investors, and communities create significant risk for insurers. As weather events become more intense and volatile each year, traditional approaches to weather observations, modeling and forecasting are not enough. Climavision’s localized and global weather forecasts give insurers an edge against nature.
SOLUTIONS CUSTOMIZED TO REDUCE RISK
Across the many applications of Risk, we have solutions customized to meet the specific application needs.
- Property & Casualty
- Reinsurance
- ILS
Property & Casualty
Climavision helps insurance companies walk the line between a sound bottom line and regulations governing coverage. Our forecasts support accurate underwriting, faster coverage of claims, and fraud mitigation.
Reinsurance
With premium weather information, reinsurers assess risk from a position of greater awareness and understanding of exposure. Climavision provides better forecasting for weathering the extremes.
ILS
We help insurance-linked securities managers develop models for identifying catastrophic risks. Our data support real-time weather-related pricing on bond returns and other financial products when combined with geographic information systems.
SOLUTION: RADAR AS A SERVICE
REIMAGINE RADAR DATA ACCESS TO REDUCE RISK
Our dedicated network of high-resolution weather radars provides more coverage and delivers significantly more data than ever before. This allows us to fill the holes in existing radar coverage, adding valuable time and accuracy to identify dangerous, localized perils.
Benefits of RaaS
- Optimize resource planning and utilization of field adjusters
- Fine tune early estimated loss projections
- Capture actual observation data for triggering
- Reduce instances of potential fraud and leakage
SOLUTION: GRO FORECASTING
CONTROL LOSS AND ELEVATE SAFETY LEVELS
Climavision’s innovative global weather prediction model and AI driven high-res observational data can forecast the growth of major storm systems or big atmospheric changes with extraordinary precision and blistering speed.
Benefits of GRO Forecasting
- Plan claims adjuster and emergency response resources and protocol with more precision and timeliness.
- Price and bind near term contracts and renewals, with situational weather awareness that enhances competitive posture or cost containment strategy.
- Use Optimum Numeric Weather Predictions to bring more skill and speed to existing estimated loss and CAT models.
WE’RE REVOLUTIONIZING THE WEATHER INDUSTRY
Our extensive weather data and revolutionary, proprietary climate technologies identify real-time dangers and produce more accurate predictions and forecasting models.
Learn More About What Makes Us Different
Radar Network
First of its kind, proprietary, high-resolution, low-atmosphere radar network
Advanced Modeling
Advanced numeric weather prediction modelling with unprecedented processing speeds
Satellite Network
High resolution, global observational datasets for advanced weather forecasting
Technical Expertise
Unparalleled technical expertise across infrastructure and weather forecast information
“Weather-related property damages reached $121.4 billion in the U.S. between 2017 and 2021 and 24.2% of those damages weren’t covered by property insurance.“
NCS Injury Facts
Insights
Want to learn More? Read our latest blog posts:
How to Read a Weather Forecast: Key Symbols and Terms Explained
Weather, an omnipresent and constantly evolving force of nature, significantly influences numerous industries and sectors worldwide. From agriculture and energy to transportation and insurance, the impact of weather conditions can either bolster profits or create challenges that demand strategic ada...
Weather Data’s Vital Role in Storm Prediction & Outages
Considering the storm system that swept across the United States during the first week of April we wanted to highlight the importance of storm prediction and outage management. The major spring storm brought heavy snow, rain and high winds to the Northeast on April 4th, downing trees and power lines...
Impacts of Weather on Healthcare Facilities and Hospitals
Weather plays a crucial role in various aspects of our lives, and its impact extends to critical sectors such as the healthcare industry. Healthcare facilities and hospitals are vulnerable to the unpredictable nature of weather events, which can disrupt operations and pose significant challenges. In...