Summer forecast revealed as experts gets ready to launch quarterly flood risk product

A new product that helps organisations forecast floods and calculate their risk exposure has been launched by Weather Logistics.

The Nottingham-based company aims to revolutionise the way that industry views climate risk, helping them to develop their resilience plans accordingly. Its latest prediction shows which towns are most likely to be exposed to extreme weather events this summer.

The announcement 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.

“It was a pleasure working with data experts from analysis team at NPL.” Says Chris Nankervis, the company founder. “Building awareness to 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.”

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

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

“Climate-related financial disclosures can be all about box-ticking.” Chris commented. “To supplement traditional climate projections, seasonal climate forecasts can also reduce flood-related losses.”

With firms now reporting how extreme weather will impact their operations, Weather Logistics’ product aims to unravel many challenging questions about climate.

Figure 1. Extreme precipitation and heat advisories issued by Weather Logistics Ltd (1 = least extreme, 9 = most extreme), valid May 2022.

Figure 2. Seasonal climate forecast for summer 2022, showing June and July 2022 precipitation departures (orange = drier-than-average, blue = wetter-than-average.

– Ends –

For more information, please contact.

Dr Christopher Nankervis
Chief Technology Officer & Founder

Weather Logistics Ltd.

m. +44(0)7949187732

chris@weatherlogistics.com

Notes to Editor.

The National Physical Laboratory (NPL) is the UK’s National Metrology Institute, providing measurement capability that underpins the UK’s prosperity and quality of life. 

From new antibiotics to tackle resistance and more effective cancer treatments, to secure quantum communications and superfast 5G, technological advances must be built on a foundation of reliable measurement to succeed. Building on over a century’s worth of expertise, our science, engineering and technology provides this foundation. We save lives, protect the environment and enable citizens to feel safe and secure, as well as support international trade and commercial innovation. As a national laboratory, our advice is always impartial and independent, meaning consumers, investors, policymakers and entrepreneurs can always rely on the work we do.

The Analysis for Innovators (A4I) Competition has been running since 2016. A4I is a very different type of programme from Innovate UK’s usual grant funding competitions. It is focused on helping individual companies solve tricky and, perhaps, long running technical problems affecting existing processes, products or services.

Innovate UK is the UK’s innovation agency who drive productivity and economic growth by supporting businesses to develop and realise the potential of new ideas. It connects businesses to the partners, customers and investors that can help them turn ideas into commercially successful products and services and business growth.
Innovate UK is part of UK Research and Innovation. For more information visit www.innovateuk.ukri.org

Weather Logistics Ltd is a climate technology company providing data to assist pricing climate risk and operational planning on seasonal time horizons. Established in 2014, its core innovation is a proprietary seasonal climate prediction system. This delivers accurate, local, and well-calibrated insights into extreme weather events several months ahead.

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