From making sound investment decisions to setting the right premiums for insurance products, an in-depth knowledge of the past, present and future weather can be essential across a range of financial services.

As world leaders in weather and climate services, we provide cutting-edge solutions that give our customers a clear advantage.

Insurance services

The insurance and reinsurance industries are hugely affected by weather. The need for a fuller understanding of past and future extreme weather impacts is critical for your business. We can help with pricing and risk modelling, claims management and supply chain management.

We agree that weather impacts are expected to get more frequent and more severe. Many insurance industry experts predict this will have significant impacts on subsidence, fire, flood, windstorm and hurricane risks and warn that catastrophe pricing needs review.

With the whole insurance and reinsurance industry hugely affected by weather, the need for a fuller understanding of past and future extreme weather impacts is critical for your business.

The Met Office provides services specially designed for insurers that can:

• help reduce claims leakage levels, manage risk and pricing more effectively;
• help plan your re sourcing requirements - supply chain management.