Member Article

Forecast set fair as expert team gets ready to launch quarterly flood risk product

With many firms now reporting how extreme weather could impact their operations, a Nottingham-based company is set to provide a solution that aims to unravel many challenging questions about climate change.

Weather Logistics aims to revolutionise the way industry views **climate risk **based on its proprietary seasonal forecast technology, helping them to develop their resilience plans accordingly.

The company’s software produces climate model simulations for the next three months and provides advisories about local hazards such as heatwaves and floods.

Chris Nankervis, the company founder, is behind the new technology.

He said:

Essentially, our technology delivers climate information not currently available about weather events that affect operational planning. Flooding accounts for the largest natural hazard losses. Therefore, seasonal predictions of rainfall on a town or city scale can greatly improve a community’s capacity to protect their households, businesses and livelihoods.

Building awareness of extreme weather hazards is essential as the climate crisis intensifies. Our validated product provides new insights for reinsurance firms, publicly listed corporates, regulators, banks and asset managers.

Climate-related financial disclosures can be all about box-ticking, Chris added.

To supplement traditional climate projections, seasonal climate forecasts can also reduce flood-related losses.

The move comes following a successful collaboration this April, where the company’s hazard model was independently assessed by the **National Physical Laboratory **(NPL), via Innovate UK’s Analysis for Innovators (A4I) programme.

This was posted in Bdaily's Members' News section by Mac Watson .