Adverse weather costs businesses billions of bolltom-line dollars. In the U.S. alone, the private-sector inter annual weather sensitivity amounts to nearly $500B (Lazo, et al, 2011), or close to 3.4% of the 2008 US GDP. Globally, this sensitivity estimate tops $2T. Weather-related insurance typically indemnifies customers due to rare, catastrophic events. With insured losses less than 15% of the total global weather risk, the majority of risk arises from non-catastrophic weather variability - from strong seasonal and sub-seasonal weather anomalies (ex. snow storms, rain storms, heat waves, cold snaps), to fluctuations in daily extremes of various weather elements (i.e., temperature, precipitation, winds, etc.). Adverse weather may impact scheduling, production, distribution, revenue, resource allocation, and other measures of your business activity. Weather Risk Mapping (WRM) provides a powerful tool to quantify and anticipate your non-catastrophic weather risk by providing the following services and features:
|
Our Weather Risk Mapping Tool transforms weather data and one or more metrics of your business
activity into weather risk. The transformation is visualized as
passing historical weather data
through a lens/prism combination and filter customized for each business or enterprise.
![]() |