Weather Informatics
Weather Informatics provides bespoke forecast products, based on our proprietary WRIST package to enable weather-sensitive business to greatly improve their management of weather-related risks. Some 70% of all businesses, and as much as $1000bn of the US economy alone, are significantly exposed to take such risks. New financial products, 'weather derivatives', can be used by exposed bsuinesses to manage their risks. Over 4000 weather derivative contracts have been taken out thus far, with over $10bn in notional risk transferred. The customer-specific products taken out by Weather Informatics will give forecasts for use in the pricing of weather derivatives and will offer significant competitive advantage to our customers.
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