Verisk Climate and Weather Decision Technologies Form Alliance

Verisk Climate and Weather Decision Technologies announced they've formed a long-term alliance to develop analytics and solutions focused on the business impacts from weather perils.

In a release on Dec. 17, the Company said that Verisk Climate now serves as WDT's channel into the insurance and restoration markets. Verisk Climate will build upon content from Weather Decision Technologies to inform the climate-business analytics that Verisk Climate offers across all its markets, including insurance and reinsurance, corporate supply chain, and capital markets in the United States, Canada, Europe, and the Pacific region. Verisk Climate is a division within Verisk Analytics.

"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. Together, we are substantially expanding the resources available to Verisk Climate's corporate logistics, insurance, and risk management clients," said Kyle Beatty, president of the Verisk Climate division.

"Verisk Climate and WDT share a vision to transform how businesses prepare for and react to the weather. WDT's focus on developing highly reliable, near-real-time weather content will enable a new generation of services that Verisk Climate will offer to its clients globally. Verisk Climate is an ideal ally for us to provide value to the global insurance industry and other markets it serves," said Mike Eilts, president and CEO of WDT.

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