Solutions for Insurance

Solutions and Weather Data Tailored to Your Needs

Weather has a high impact on the insurance industry. The safety of lives, property and assets is directly impacted by the effects of extreme events.

Accurate weather information is therefore central to successful business in the insurance industry and can lead to the realization of competitive advantages.

Explore Our Solutions

Weather API

Get fast and easy access to the entire universe of weather data with our Weather API.

WEATHER API FREE API TRIAL

MetX

Visualize every weather situation to stay ahead and to make better decisions with our Weather Visualization Map MetX.

MetX FREE TRIAL

EURO1k

European weather model at 1km resolution: get accurate weather forecasts across Europe and make better decisions.

EURO1k GET ACCESS

Why Is Weather Important for the Insurance Industry?

Severe Weather Coverage

Property and assets are impacted by the effects of extreme events like hail, lightning, wind, fires, floods, severe winter weather, and hurricanes, just to name a few.

Meteomatics API monitors the probability of these incidents to help insurers:

portfolio exposure management during extreme events, quickly identifying the potential value at risk from a natural catastrophe
warn policyholders, mitigating the impacts of extreme events and saving lives
determine the validity of damage claims by comparing them against the observed weather conditions
make smarter underwriting decisions based on the likelihood of local severe weather events

Travel Weather Insurance

Travel insurers need to understand and monitor the risks associated with severe weather on touristic locations across the globe.

With our API, insurers can examine historical weather data to assess general seasonal trends in terms of flooding and tropical storms for any location. They can also view nowcasts in 5-minute timesteps and 90m horizontal resolution and consult the outlook for the coming months.

This comprehensive data allows them to better plan their policies, consider weather-related cancellations, and warn their clients about dangerous events during their time abroad. The real-time data can even be used to facilitate automatic claim payment in a parametric insurance policy.

Climate Change Impacts on the Insurance Industry

Climate change is increasing the frequency and severity of weather events in many parts of the world. Even in an (increasingly unlikely) +1.5°C world, weather conditions can be expected to be quite different from today. Hence why we incorporated climate projection data into our API.

Climate Projection Data

We makeCMIP6 climate projection data available via API and offer our expertise in weather and climate science to help the insurance industry’s stakeholders understand how climate change will impact them.

Our users are able to request the latest CMIP6 data across all 5 socioeconomic pathways, out to 2100. We have applied our expertise to standardize and process the raw climate projection data from the CMIP6 models. This makes it easier for the insurance industry to consume and integrate with their existing data infrastructures.

In addition, Meteomatics broadened the applicability of climate projection data by:

downscaling the horizontal resolution to 90m to take into account the local topography
downscaling the temporal resolution to create consistent time series
calculating around 40 derived parameters that help increase the usability and relevance of climate predictions to more users, such as temperature, wind
direction, precipitation and global radiation

Meteomatics Solutions for the Insurance Industry

Metetmatics Weather Intelligence API Illustration

Weather API

Everything you need on call

Meteomatics Weather API removes the complexity of handling and processing weather data, allowing users to retrieve large volumes of weather data quickly.

Weather API

Our Weather API

Your Benefits

One source, one interface: query multiple parameters simultaneously for single or multiple sites and entire areas
Query data in real time with a response time of a few milliseconds
Real-time access to over 7 petabytes thanks to unique data processing technology (Meteocache)
"On the fly" downscaling using topographic maps enables 90 meter resolution worldwide, greatly improving accuracy at the local level
High resolution of data per minute
Highest data quality: over 1640 updates per day ensure accuracy and timelines

Weather API

Explore the Power of Our Weather Visualization Map

MetX Visualization Map

With weather maps, weather data can be made accessible to all

MetX is a web-based tool based on the weather API developed by Meteomatics. A weather map is used to display complex weather data and can easily visualize conditions. With our software for the visualization of weather data, we offer you a high-performance solution to gain more insights and thus make better decisions based on the weather situation.

MetX Visualization

MetX

Advantages and Benefits

the calculation of weather data in real time when zooming or changing views
a high granular resolution of 90 meters: based on the NASA terrain model, measuring points are calculated every 90 meters and the weather data are scaled down accordingly
high temporal resolution every minute
the possibility to use different maps like topographic maps, border maps, aeronautical maps etc.
the use of layers to display different weather parameters
clear display of up to 4 maps on one screen (quartering of the screen)
data export for each point on the map
individual solutions for your weather map on request

METX VISUALIZATION

Claim Management with MetX Claims

Meteomatics Insur X Insurance Claim Tool V1

MetX Claims

Simplify your claim management

MetX Claims enables every claim manager to easily double check weather conditions for specific claims and can be tailored to the company specific definitions for hail, rain, lightning and wind in one.

MetX Claims

Advantages and Benefits

Based on the Meteomatics API
Easy to read interface
Possibility for individual solutions
Available with 4 parameters: hail, wind, lightning, rain
Calculation of weather data for a time range or specific time
Different combinations of weather parameters
Search for specific location on map, via address or even with longitude/latitude
Get an easy yes / no answer for specific time & parameter
Available in 3 languages (English, French, German)
Claim management: query also considers surroundings on the maps

MetX Claims

Learn From Our Customer Stories

This is how we improve our clients' business with our approach.

Watch our customer video stories

BKW

The weather has a considerable influence on the production of renewable energies. As a relevant influencing factor, it thus affects forecasts for electricity production and also has an impact on electricity trading and the associated sales. In this article, you will learn how the Meteomatics Weather API makes the procurement of weather data at BKW easier, faster and more flexible, thus facilitating the integration of renewable energies into the electricity market.

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Toyota

Weather conditions influence energy consumption in industrial facilities, affecting companies’ operations planning. In this article, we describe how Meteomatics' Weather API helps Toyota manage energy consumption in its European assembly plants and factories, thereby contributing to the conservation of the environment and making financial savings at the same time.

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Airbus

Zephyr, developed by Airbus Defence and Space, offers advanced see, sense, and connectivity capabilities for various customers. This solar-powered, carbon-neutral system relies on high-quality weather data for safe navigation, especially during ascent and descent. Meteomatics provides essential weather data to support Zephyr's operations at all altitudes.

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Stadtwerke Munich

Meteomatics' solar power forecasts improve Stadtwerke München's day-to-day electricity trading business and optimize the integration of solar power into the electricity market.

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Heimdall Power

Weather is one of the strongest factors influencing the capacity of power lines. Therefore, it is of utmost relevance for grid operators to know the current and future weather factors in detail, so that bottlenecks can be prevented, and a dynamic and efficient grid operation is possible. Using senso data from power lines in combination with data from Meteomatics, Heimdall Power can deliver an average increase of 25% in transmission capacity of high-voltage power lines. In this article you will learn how Heimdall was able to realize this improvement.

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Navily

As the summer season starts, recreational boaters set sail. To make their lives easier and their journey safer, Navily offers a recommendation score for anchorages across the Mediterranean and Caribbean seas. In this article, we explain how Meteomatics helps Navily create its recommendation scores, and inform its users about the weather conditions.

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Ogre.AI

Ogre.ai uses Meteomatics’ RESTful API to access one of the world's richest and most accurate weather databases. Meteomatics forecasts are now a key component of Ogre’s ML & AI process: used to generate precise power forecasts and solve key challenges of energy companies across multiple sectors.

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ABS

ABS Wavesight is adding on-demand, high-resolution historical and forecast weather data on its ABS My Digital Fleet™ risk management platform together with Meteomatics.

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Sunflower Labs

Sunflower Labs uses Meteomatics' Weather API to access hyperlocal real-time and forecast weather data, to enable Sunflower Labs’ drones to reliably and autonomously determine whether a planned flight is safe under current and future weather conditions. A prerequisite for operating drones autonomously. Learn why Sunflower Labs chose Meteomatics' API here.

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Hive Power

The findings are stunning: the most accurate weather data and forecasts lead to superior energy generation and consumption forecasts, allowing companies to optimize their energy management, resulting in valuable cost savings, reduced planning risks and better decision making. In this story you will learn how Hive Power realizes these benefits with weather data provided by Meteomatics Weather API.

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OSIsoft

Actemium successfully integrated Meteomatics' weather data API into OSIsoft's PI system. This enables customers to easily integrate Meteomatics weather data directly into their own ERP and data management systems. Actemium was thus able to facilitate the use of Meteomatics weather data for an energy utility company that will use Meteomatics' high-quality data for its energy services in locations with very high temperatures.

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ITEC

Leicom ITEC AG, a member of the Leicom Group, has developed a software driver for the integration of weather data into the Niagara building automation framework.

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ETH Zurich

Clouds are one of the main elements that regulate Earth’s climate. Understanding cloud microphysics is thus paramount to more precise climate projections. In this story, we explain how ETH Zurich’s researchers are using Meteodrones to conduct cloud seeding experiments to study cloud-aerosol interactions and precipitation events.

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Unisphere

Thanks to Meteomatics' high-resolution weather data used in Unisphere's flight management software, Unisphere is improving the safety and efficiency of drone and air taxi flight operations.

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Swiss Academic Space Initiative (ARIS)

Meteomatics Supports Future Swiss Aerospace Engineers With Weather Data

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Defense Applications

Meteomatics' technology improves the accuracy of weather forecasts with in-house developed weather drones and a high-resolution European weather model, helping ensure the success of operations in the air, on land, and at sea.

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Climate, Weather and Business

We provide all relevant weather and climate data to build up an early warning system for major weather impacts on nature, agriculture and the environment in general. This includes short-term data as well as long term climate data.

See all articles about climate, weather and business

Reduce Imbalance Costs

10/29/2024 / The share of renewable energy in the electricity grid is growing, but the intermittent nature of solar and wind power is driving up balancing costs and increasing financial risks for companies. A major European energy company recently found that the EURO1k weather model from Meteomatics reduces imbalance costs by up to 20%, significantly outperforming other models.

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2024 Seasonal Weather Outlook

08/26/2024 / As the energy markets brace for the latter half of 2024, evolving seasonal weather patterns will influence everything from natural gas prices to heating oil futures. Chris Hyde, Senior Sales Manager and Meteorologist, offers a detailed outlook that could be crucial for traders focused on hedging strategies, demand forecasting, and optimizing portfolios.

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Hurricane Season Summer 2024

05/03/2024 / Experts predict a highly active 2024 Atlantic hurricane season, with a near-record 23 named storms, 11 hurricanes, and 5 major hurricanes due to warmer ocean temperatures and weather pattern changes. Read on for insights on the heightened risk to the U.S. and Caribbean.

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Retail's Seasonal Challenges

12/19/2023 / "Weather isn't just a topic for small talk; it's a pivotal factor in retail success.” In this article, we explore how Meteomatics leverages sophisticated weather forecasting tools to empower retailers, during the final week of holiday shopping. By tapping into these tools, retailers can strategically plan for a lucrative opportunity by accurately predicting weather patterns.

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Hurricanes Explained

09/08/2023 / Hurricanes are amongst the most violent and damaging of Earth’s natural disasters. Fortunately the mechanisms which cause them to develop are well understood, and the behavior of a hurricane over its lifetime can be well predicted by modern weather models. In this article we describe what hurricanes are and how they are formed, as well as how weather data can be used to mitigate their impact.

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Record-Breaking Heat in the US

07/27/2023 / As record-breaking heat scorches a large swath of the U.S., Meteomatics North America CEO, Paul Walsh, discusses the escalating health risks and economic impacts with Fox Weather. Emphasizing the "Dome of Doom" phenomenon, he underscores the urgency of proactive education and data-driven measures to help prevent disaster.

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Billion-Dollar Disasters

07/19/2023 / A study finds climate change is projected to result in a 52% surge in heavy rainfall events in the American Northeast. U.S. CEO Paul Walsh discusses the economic implications and heightened importance of dealing with what could be another billion-dollar disaster with Fox Weather.

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Hurricane Season Summer 2023

07/13/2023 / Despite El Niño, long-range forecasters at Colorado State University expect a busier Atlantic hurricane season, and now’s the time to prepare your business. Fox Weather invites Paul Walsh, CEO of Meteomatics North America, to share insights into the updated forecast.

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Wildfires Explained

06/05/2023 / In this article, we explore why wildfires occur, how climate change is affecting their impact, and how to prepare for and manage wildfires.

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How to Prepare for El Niño?

06/02/2023 / In this article we’ll explore the causes and consequences of El Niño on businesses and the economy, and discuss the possible implications for the planet during the coming event — and how to prepare for it.

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We Work With Groundbreaking Companies

We are proud to work with leading companies in the insurance industry. Together, we realize efficiency benefits and help our partners realize digital innovations.