TempRisk provides businesses with actionable insights of the risk of weather events up to 40 days in advance
Weather is a path to something else. Using a weather forecast is merely a necessary part of planning for something. Smart businesses require "weather intelligence," i.e. algorithms that understand the sensitivity to upcoming weather events and the probability of those events occurring. The BUSINESS DECISION matters far more than weather itself. In fact… it's really ALL that matters. Our ultimate mission is to serve this motive.
We have successfully deployed products for the natural gas and power trading markets, which serve as an early market validator. When combined with other global commodity trading markets such as agriculture and weather derivatives, we will round out our initial market push.
Next, our technology roadmap focuses on precipitation and severe storm events to serve the Reinsurance industry that suffers over $50B/year of losses from weather events.