The insurance and reinsurance sectors are integral and dynamic components of the world’s financial system. These entities are adept at assessing historical data to safeguard not only their clients but also their own fiscal stability. Essentially, they excel at leveraging even small bits of knowledge for financial gain.
However, the reliance on historical data is particularly pronounced when addressing environmental hazards like hurricanes or tornadoes. This is the impetus behind CSI’s development of InsuranceAware™, a key offering within our CliDaaS.com (Climate Data as a Service) product lineup. Our initiative aims to provide the insurance/reinsurance industry with an additional layer of predictive insight.
How do we achieve this? Since 2007, CSI has been at the forefront of devising long-term forecasting techniques (1 to 12 months and beyond) for the global environment, initially for the U.S. Federal Government.
Our flagship technology, the Advanced Climate Analysis and Forecasting Decision Support System (ACAF-DSS), is the foundation upon which CliDaaS.com and InsuranceAware™ are built, extending these capabilities beyond governmental use. The broader economy can now benefit from the same strategic advantages previously exclusive to the government.
Understanding the future state of the global environment is invaluable, but the key lies in discerning how these conditions will affect extreme weather events, human endeavors, and business portfolios. InsuranceAware™’s analytical engine not only forecasts environmental risks in both spatial and temporal dimensions but also innovatively quantifies the potential impact on business operations, assets, and societal activities, tailored to specific risk thresholds.
InsuranceAware™ is designed to complement, not supplant, the industry’s analytical experts. By enriching the quality of information available, it offers a competitive financial edge through superior intelligence.
Until recently, the technology behind CliDaaS and InsuranceAware™ have only been available to U.S. Government decision-makers. That has changed! Please reach out to us at info@clearsciencienc.com. Or here: https://www.clidaas.com/contact-3
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