Our two Founders, Head Meteorologist and Head of Coding started their studies at The University of Reading, a home of world-class meteorologists and a long-standing global leader in meteorological research. (Ranked 2nd for research in Meteorology and Atmospheric Sciences, Center for World University Rankings, 2017.)
They began evolving a ground-breaking climatological and predictive understanding based on collective research. Our expertise started small but smart, providing seasonal weather reports to the Re/Insurance industry.
Jamie Banasik MSc was invited to speak at the Annual Contingency Society Conference. We challenged what the Re/Insurance sector had been told was possible for weather prediction. Interest within industry grew. In conversation, it became apparent that an advanced form of predictive analysis was needed, allowing swift interrogation of higher quality weather and natcat insight – in as much depth as needed.
We partnered with Tatras Data; bringing decades of experience in the data mining and data science disciplines. Our mission… to go deeper into weather data than ever before: Taking into account location-specific environmental anomalies, we collected and cleansed WMO approved data adjusting proprietary algorithms. We did this one weather station at a time, we wanted to be both global and hyperlocal…
MetSwift's® platform… MetSwift.Live was born: Parametric probabilities that respond to specific thresholds, for our most extreme existential future risk. Further in advance, with greater acuity. Developed to enable accurate, swift weather-risk decision making. But we knew we could gather more data & enhance our AI further…
We win the Best Use of AI in Underwriting at the Insurance Times' Tech & Innovation Awards! Global coverage is achieved with 218 countries fully operational, with over 90,000 weather stations’ data pre-processed. Our Co-Founder Shaun Pammenter speaks at the Software in Construction Conference on the potential uses of weather-related AI in construction industry. A rapidly growing team of amazing specialists, still led by our original founders.
We are now a new Meteorological Intelligence stimulating widespread interest within the industry – the sector we first spoke to in 2016. With exciting expansion plans in the pipeline; we continue to perfect our AI and meteorological models. We collaborate within the contingency industry – continuing to be the first time weather & natcat AI has really met Re/Insurance.
“Insurance underwriting is moving towards a new tech era. New research and platforms are enabling underwriters to efficiently harness, utilise and understand data, and are beginning to disrupt. As meteorologists, data scientists, mathematicians and business specialists we are working to be at the forefront of this when in comes to weather.”
To be awarded as winners in such a competitive category is clearly exciting. We are doing something interesting and innovative.
When ideas and insights become tangible and people utilise the resulting tech. & intelligence – not just to improve their work – but to alter the way they interact with future events far in advance, things start to change.”
JAMES BANASIK MSc – FOUNDER AND METEOROLOGIST