Verisk
Climate, a leading provider of enterprise climate risk management
solutions, and Weather
Decision Technologies (WDT),
a high-technology leader in the weather industry, announced today
they’ve formed a long-term alliance to develop new, more advanced
analytics and solutions focused on the business impacts from weather
perils.
Verisk Climate now serves as WDT’s channel into the global insurance and
restoration markets. Verisk Climate will build upon content from Weather
Decision Technologies to inform the climate-business analytics that
Verisk Climate offers across all its markets, including insurance and
reinsurance, corporate supply chain, and capital markets in the United
States, Canada, Europe, and the Pacific region. Verisk Climate is a
division within Verisk Analytics (Nasdaq:VRSK).
“By combining WDT’s weather content with Verisk’s scientific
capabilities, analytic leadership, and workflow integration, Verisk
Climate’s customers will have access to the most sophisticated,
reliable, and easy-to-use climate-business analytics on the market.
Together, we are substantially expanding the resources available to
Verisk Climate’s corporate logistics, insurance, and risk management
clients,” said Kyle Beatty, president of the Verisk Climate division.
“Verisk Climate and WDT share a vision to transform how businesses
prepare for and react to the weather. WDT’s focus on developing highly
reliable, near-real-time weather content will enable a new generation of
services that Verisk Climate will offer to its clients globally. Verisk
Climate is an ideal ally for us to provide value to the global insurance
industry and other markets it serves,” said Mike Eilts, president and
CEO of WDT.
About Weather Decision Technologies (WDT)
Weather
Decision Technologies, Inc., is the industry leader, providing
organizations with weather decision support on a global scale. WDT
offers specific expertise with Big Data as it applies to hazardous
weather detection and prediction, forecast modeling, decision analytics,
GIS, mobile apps, and interactive mapping. WDT employs the
world-renowned WeatherOps forecast team, staffed by experts who provide
global asset projection and commodities-trading decision support.
WDT maintains operational offices in Norman, Oklahoma, and Houston,
Texas.
About Verisk Climate
Verisk
Climate provides software, data, and analytics for enterprise
climate risk management. The organization’s solutions help corporations
improve resilience and profitability while enhancing service to their
customers. Manufacturers, distributors, and retailers rely on Verisk
Climate to accelerate revenue growth through more accurate forecasts of
product demand and to promote stable operations by helping mitigate
supply chain risk. Insurance carriers can apply Verisk Climate™
solutions to help improve customer service and reduce their property
combined ratios through more accurate risk selection and lower claims
expense. Verisk Climate draws on disaster risk models from AIR
Worldwide, vertically integrated data from the Verisk Analytics family
of companies, and environmental data and expertise from its Atmospheric
and Environmental Research (AER) unit. Verisk Climate is a division
within Verisk Analytics (Nasdaq:VRSK). For more information, visit www.veriskclimate.com.
Copyright Business Wire 2013