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Utilize Weather Data to Safely Navigate
the Perfect Storm

Intense and volatile weather events pose significant risks to insurers, businesses, investors, and communities worldwide. Traditional weather observation and forecasting methods are no longer adequate in the face of escalating climate threats. Climavision offers cutting-edge localized and global weather forecasts tailored for insurers, providing a crucial advantage against nature’s unpredictability. Our expertise in data management, predictive, and probabilistic modeling equips clients in the US and globally with the tools needed to analyze vast weather data, safeguarding people, property, and financial assets.

 

SOLUTIONS CUSTOMIZED TO REDUCE RISK

We use our data management expertise and advanced AI driven numerical weather prediction to serve our clients. In the US and the rest of the world, our products help customers collect and analyze vast amounts of weather data to protect people, property, and other financial assets against climate risks. Across different applications of insurance, we have tailored solutions to meet each application's specific demands.

  • Property & Casualty
  • Reinsurance & ILS

Property & Casualty

In the past decade, we've borne witness to numerous historic events, marked by a surge in extreme wildfires, floods, tornadoes, and hurricanes. As the frequency of catastrophic natural disasters escalates, communities grapple with the profound devastation inflicted upon homes, vehicles, businesses, and crops, resulting in an exponential increase in claims and associated costs. Enter our weather forecasting solutions, engineered to provide precise risk analysis for both near-term and long-term scenarios, revolutionizing claims processing, underwriting practices, and the development of innovative insurance products. With our comprehensive suite of tools including seasonal outlooks, confidently assess plan pricing based on long-term weather threats.

Reinsurance & ILS

In confronting the challenge posed by unprecedented weather events, organizations are compelled to reassess significant investments through a fresh perspective, ensuring stakeholders remain informed of estimated losses. This necessitates the adoption of novel forecasting methodologies, continuous monitoring of live catastrophe measurements, and rigorous validation of trigger mechanisms. Equipped with premium weather information, reinsurers and insurance-linked securities managers can evaluate risk from a vantage point of heightened awareness and comprehensive understanding of exposure. Climavision leads the charge in weather forecasting excellence, furnishing precise weather data across all time scales, empowering you to navigate extreme weather events with unparalleled accuracy and confidence.

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

  • Real-time radar data to enhance situational awareness and claim response times.
  • Improved monitoring capabilities for areas prone to severe weather, reducing unexpected claim spikes.
  • Enhanced radar services to support disaster response and risk mitigation efforts in insurance.

Learn more about Radar as a Service

SOLUTION: HORIZON AI GLOBAL FORECASTING

CONTROL LOSS AND ELEVATE SAFETY LEVELS

Our Horizon AI Global weather model generates highly accurate, high-resolution forecasts to mitigate risks to insurance providers around the world. We combine the latest in AI technology to assimilate billions of novel observational datapoints into our advanced NWP model, to more accurately forecast atmospheric threats on the horizon with precision and speed.

Benefits of HORIZON AI GLOBAL

  • Utilization of accurate global forecasts for assessing risk in diverse geographic locations.
  • Integration of superior global weather data into insurance risk models.
  • Comparative analysis with ECMWF for accurate international event prediction and risk assessment.

Learn more about Horizon AI Global

SOLUTION: HORIZON AI S2S FORECASTING

FORECAST EXTREME WEATHER MONTHS IN ADVANCE

Our Horizon AI Subseasonal to Seasonal weather models offer granular accuracy for risk assessment models. Powered by our innovative AI approach and trained on vast amounts of historical data, our subseasonal to seasonal models boast superior accuracy and is updated daily. This means you get real-time insights into evolving weather conditions, giving you the competitive edge you need when determining coverage offerings.

Benefits of HORIZON AI S2S

  • Anticipation of long-term weather patterns for actuarial data and risk assessment models.
  • Strategic planning for coverage offerings based on seasonal climate forecasts.
  • Enhanced risk management by forecasting extreme weather events months in advance.

Learn more about HORIZON AI S2S

SOLUTION: HORIZON AI POINT FORECASTING

OPTIMIZE RISK EVALUTIONS

Our HORIZON AI Point forecasting model is the most technologically advanced site-specific weather forecasting system for risk evaluation for insurance providers. Other ensemble systems only rely on government models. Powered by proprietary data inputs and AI bias correction, the Horizon AI Point model creates highly accurate weather forecasts around the globe.

Benefits of HORIZON AI POINT

  • Point-specific forecasts to aid in detailed risk evaluation and policy customization.
  • Historical weather data integration for more accurate risk assessment at specific locations.
  • Optimized forecasting for immediate response to weather events affecting insured assets.

Learn More About HORIZON AI POINT

SOLUTION: HORIZON AI HIRES FORECASTING

TAILORED WEATHER FORECASTS

Our Horizon AI HIRES weather model produces hyper-local and asset-level predictions for customized insights specifically tailored to optimize insurance policies and your bottom line. We leverage the latest in AI techniques to maintain quality control and increase computational power, so you don’t have to choose between weather forecasting accuracy and speed.

Benefits of HORIZON AI HIRES

  • Tailored weather insights at a local level to assess claims and adjust policies accordingly.
  • Enhanced precision in forecasting local weather events that impact insurance claims.
  • Real-time severe weather data to support alerting systems and manage claims more effectively.

Learn More About Horizon AI HIRES

LEARN MORE ABOUT WEATHER FORECASTS

THE ULTIMATE GUIDE TO WEATHER FORECAST MODELS

Accurate weather forecasting plays a crucial role in virtually every industry and community. Conversely, inaccurate forecasting can lead to significant consequences such as economic losses, safety hazards, and disruptions in daily life. Accurate weather forecasting depends on weather forecast models. Explore the different types of weather forecast models, understand why forecasts can vary, and discover the most accurate forecast models available today.

Read the Guide

 

 

WE’RE REVOLUTIONIZING THE WEATHER INDUSTRY

Our extensive weather data and revolutionary, AI-driven 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, supplemental nationwide, high-resolution, dual polarity radar network

Advanced Modeling

Advanced global numeric weather prediction modelling with unprecedented computational capabilities

Observational Datasets

More unique and novel observational datasets assimilated via AI for faster, more accurate forecasts

Technical Expertise

Unparalleled technical expertise across infrastructure, machine learning, cloud and supercomputing

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

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