Verisk Climate, a division of Verisk Analytics providing climate risk management solutions, and Weather Decision Technologies (WDT), a weather-related decision support solution provider, have formed an alliance to develop advanced analytics and solutions focused on the business impacts of weather perils.
Verisk Climate now serves as WDT’s distribution channel into global insurance markets, according to a vendor statement. Verisk Climate will build on content from WDT to power climate/business analytics that Verisk Climate currently offers across all its markets, including insurance and reinsurance.
“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,” asserts Kyle Beatty, president, Verisk Climate. “Together, we are substantially expanding the resources available to Verisk Climate’s corporate logistics, insurance, and risk management clients.”