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Juniper Re partners with Reask for hurricane forecasting

Juniper Re is collaborating with Reask to deliver hurricane wind speeds and precipitation forecast data to its clients (File photograph)

Juniper Re, a reinsurance broker with a subsidiary in Bermuda, has announced a new collaboration to deliver hurricane wind speeds and precipitation forecast data to its clients.

It is partnering with Reask, which provides information and guidance for critical, time sensitive decision-making through proprietary data and AI models.

Juniper said that Reask “delivers accurate high-definition wind fields data and quantifies forecast uncertainty, assessing probabilities to wind speeds for every one kilometre grid cell in the hurricane’s path, days in advance enabling more precise, directed response planning”.

Juniper Re’s head of catastrophe analytics, Adam Miron, said: “We are excited to include Reask in our portfolio of event response solutions.

“The approach taken by Reask for assessing hurricane risk is cutting edge and results in unmatched precision.”

Jamie Rodney, Reask’s chief executive, said: “As the intensity of hurricanes continues to escalate, the precise measurement of potential impact is more important than ever.

“We are pleased to integrate our market-leading hurricane risk data into Juniper Re’s event response solutions, helping to inform critical decisions and minimise losses."

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Published June 03, 2024 at 3:39 pm (Updated June 04, 2024 at 9:40 pm)

Juniper Re partners with Reask for hurricane forecasting

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