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        ZestyAI, a provider of AI-based property risk analytics solutions, has partnered with Cytora, a UK-based insurance company, to integrate ZestyAI's solution into Cytora's platform to supplement insurance underwriters with climate-related risk data.
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        The partnership enables Cytora to make informed underwriting decisions through a comprehensive assessment of a property's exposure to natural disasters. In addition, the integration also provides climate risk insights to personalize insurance solutions.&nbsp;
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        ZestyAI's climate models will accelerate the decision-making process by automatically handling low and high climate risks for streamlined workflows to scale commercial underwriting capacity.
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    <a href="https://www.prnewswire.com/news-releases/cytora-collaborates-with-zestyai-to-bolster-commercial-property-underwriting-with-integration-of-climate-models-301997224.html">
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Climate Risk Analytics

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   <p>ZestyAI has partnered with Cytora to integrate its AI-based property risk analytics solution into Cytora's platform. This integration will provide insurance underwriters with climate-related risk data to supplement their underwriting decisions. With ZestyAI's climate models, underwriters will be able to assess a property's exposure to natural disasters and personalize insurance solutions based on climate risk insights. This partnership aims to streamline workflows and enhance the decision-making process, ultimately scaling commercial underwriting capacity.</p>
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ZestyAI partners with Cytora to enhance property risk assessment using climate data

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  <li><p>Floodbase has partnered with Ag Guard to offer parametric flood insurance in Australia and New Zealand (ANZ). The partnership aims to develop programs for agricultural risks and provide region-specific pricing levels for automated payouts during flooding. Floodbase will contribute its flood data and expertise to Ag Guard's distribution network in the ANZ region. This partnership follows Floodbase's collaboration with African Risk Capacity Limited in October 2023 for parametric flood insurance solutions in Africa.</p></li>
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Floodbase partners with Ag Guard to scale parametric flood insurance

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      <p>Riskthinking.AI has launched VELO, a cloud-based web application that quantifies and reports climate risk for organizations, addressing integrated physical and transition climate risks.</p>
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      <p>VELO is powered by 100,000 climate datasets, 3.5 million assets from 250,000 global companies, and 16 billion stress tests to provide near real-time insights. It is expected to be utilized by banks, insurance companies, and corporations.</p>
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      <p>VELO helps organizations conform to the dynamic environmental and regulatory environment by quantifying and reporting climate risk exposure to investors and stakeholders.</p>
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Riskthinking.AI launches web app for physical and transition climate risks

Salient Predictions has received a $2.9 million grant from the Bill & Melinda Gates Foundation to provide weather predictions to smallholder farmers in East Africa. The funding will be used to develop actionable weather predictions by integrating data from ground-based weather stations. The goal is to help farmers adapt to climate change and boost agricultural productivity. This grant follows a previous grant received by Salient from the National Oceanic and Atmospheric Administration (NOAA) in September 2023.

Salient receives USD 2.9 million grant to improve weather predictions in East Africa

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<p>Zesty.ai has integrated the IBHS FORTIFIED construction standard into its Z-PROPERTY risk platform. This allows customers to gain information on FORTIFIED designation levels for improved ratings and underwriting weather risks. Underwriters and insurers can assess discounts required for FORTIFIED Home program mitigation measures. Zesty.ai will also use FORTIFIED data to enhance Severe Convective Storm risk models. Prior collaborations with IBHS provided wildfire fuel management and risk mitigation data for Z-PROPERTY users.</p>
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ZestyAI expands partnership with IBHS for climate risk analytics

WeatherOptics has introduced the Wildfire Conditions Index and the Wildfire Spread Index as part of its suite of weather intelligence solutions. The Wildfire Conditions Index assesses the likelihood of a wildfire, taking into account factors such as vegetation flammability, weather conditions, and proximity to existing wildfires. It provides a six-day risk prediction on a scale of 0-10, giving early warnings to assets, property, and populations at risk. The Wildfire Spread Index predicts how an active wildfire will spread over the next 24 hours using a 0-10 risk score. WeatherOptics aims to offer actionable insights and visualized data to enterprise businesses, government agencies, and emergency managers.

WeatherOptics launches predictive wildfire risk applications

Climate risk technology company Sensible Weather has raised an undisclosed amount of funding in a round led by Amex Ventures, with participation from existing investors Wonder Ventures and Infinity Ventures, as well as new investor Industry Ventures. The funds will be used to expand the company's products and services. Sensible Weather, founded in 2019, offers a "Weather Guarantee" that compensates travelers affected by extreme weather events. The company provides weather risk management technologies to consumers through short-term predictions.

Sensible Weather raises undisclosed amount to advance product offerings

Climavision has installed its weather radar system in Lawrence County, Alabama, to provide better coverage of adverse weather events in the lower atmosphere. The radar will go live this month and aims to fill a low-level coverage gap in the Appalachian Plateau region. Climavision's X-Band radar network supplements neighboring NEXRAD S-Band radars and aims to support commercial forecasters and emergency officials in responding to volatile weather events. The company plans to install 30 radars across the US by the end of 2023 and scale the network to over 200 radar systems in the future.

Climavision installs weather radar in Louisiana

Salient Predictions, a climate risk analytics provider, has received a Small Business Innovation Research Grant from NOAA. The grant will be used to develop water availability predictions for California's Central Valley, ranging from two to 52 weeks. The funds will support Phase I of the project, which focuses on subseasonal to seasonal (S2S) water forecasts. Salient plans to integrate a high-resolution hydrologic model to improve the accuracy of their predictions by estimating soil moisture, evapotranspiration, and stream flow. The amount of funding received has not been disclosed.

Salient wins NOAA Grant to develop advanced water availability forecasting

WeatherOptics has partnered with Sunset Transportation to enhance freight execution, reliability, and driver safety. Through this partnership, Sunset will utilize WeatherOptics' RightRoute API, which combines predictive weather modeling and non-weather data sources, to generate risk scores and delay times during adverse weather events. This will help identify potential disruptions and ensure goods are delivered safely. WeatherOptics has also partnered with other logistics and freight companies to develop a proactive weather risk approach for supply chain management.

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