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:
The Mysteries of Clouds: Types, Formations, and Weather Predictions
Look up at the sky, and you'll likely see a beautiful canvas of light or dark clouds. Clouds are more than just picturesque elements in the sky; they play a vital role in the Earth's atmosphere, serving as indicators of impending weather events. As such it is important for everyone to know more abou...
Weather Forecasting and the Farmer’s Almanac
When it comes to traditions and age-old wisdom, the Farmer's Almanac stands as a beacon of knowledge and guidance. For centuries, this publication has played a pivotal role in shaping the lives of farmers, gardeners, and enthusiasts of nature's rhythms. From its intriguing origins to its questionabl...
Navigating Hurricanes and Their Impacts on Businesses
Peak hurricane season is approaching (September 10th) and while the 2023 season so far has been mild, NOAA published a new outlook August 11th that includes a 70% chance of 14-21 named storms, of which 6-11 could become hurricanes, and 2-5 could become major hurricanes. (