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:
EXTREME WEATHER AND THE CHALLENGE OF KEEPING THE POWER ON
It’s clear in this age of tech that electricity and its reliable supply are extremely important to nearly everyone in the USA. Our reliance on electricity has grown to affect how we live and work. From heating and cooling to communication and now powering some of our cars, the electrical grid is r...
EXTREME WEATHER EVENTS – FLOODING
A flood is simply defined as an overflowing of a large amount of water beyond its normal confines, especially over what is normally dry land. However, floods and their impacts are far from simple. Flood damage can be severe and long-lasting and can be a problem no matter your location in the United ...
A DEEPER DIVE INTO THE IMPACTS OF SEVERE WEATHER
The impacts of climate change are various and far reaching. They can touch so many aspects of life and communities that it’s worth a deep dive to discuss the implications of severe weather events. This unfortunately is not an exhaustive list but even just reviewing the most common weather event ty...