Decision-grade weather data, proprietary indices, and forecasting tools for parametric insurance, weather derivatives, and claims validation.
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Weather-linked financial products require data held to a higher standard than general-purpose weather services can provide. When a payout hinges on whether a temperature threshold was breached at a specific station on a specific day, the quality, independence, and auditability of the underlying data is the product itself.
Xweather delivers the datasets, indices, and analytical tools that reinsurers, brokers, and risk teams rely on to structure, price, and settle parametric insurance and weather derivatives. Three index families covering agriculture, energy, and renewables serve the fastest-growing segments of the weather risk transfer market. Data is sourced directly from national meteorological services, validated through statistical cleaning by an expert meteorological team, and delivered with full documentation and audit trails.
For property and casualty insurers, Xweather provides historical weather verification and real-time severe weather data to support claims validation and underwriting. Lightning strike records with sub-100 meter accuracy, hail event histories, and storm path archives help adjusters verify whether reported damage aligns with documented conditions at a specific location and time.
Cleaned historical records, proprietary weather indices, and forecasts for quants and structurers building parametric risk transfer products across agriculture, energy, and renewable markets.
Wind and solar generation forecasts, portfolio analytics, and customizable hedging tools for operators, traders, and investors managing weather-driven production risk across assets and markets.
The provision of independently certified indices to determine the outcome of financial or insurance contracts.
Historical lightning, hail, and storm data with precise geolocation and timing to verify whether reported damage matches documented weather events at the claimed location and date.
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In 1996, Aquila Energy and Con Edison structured a power purchase agreement that would change risk management forever. Their August electricity deal was tied to Cooling Degree Days measured in New York's Central Park, a straightforward concept that represented a fundamental shift in how companies could manage weather-related financial exposure.
No damage assessments. No claims adjusters. No lengthy disputes over what constitutes a "loss." If the temperature index hits certain thresholds, payments are triggered automatically. It was elegant, immediate, and marked the birth of what we now call weather risk management.
Nearly three decades later, that foundational transaction has evolved into a sophisticated risk management approach. The principle remains the same: when weather hits predefined triggers, payouts flow automatically. But the scale, speed, and applications have expanded dramatically as climate volatility reshapes entire industries.
What started as a simple temperature contract has become something far more ambitious. The Xweather team, formerly Speedwell, has been at the forefront of this expansion, transforming a niche energy tool into a $25 billion global market.
The scope expanded beyond anyone's expectations:
Basic temperature hedges expanded into sea surface temperature, visibility, air quality, snow depth, and renewable power production
Applications spread from energy into retail, construction, agriculture, tourism, transportation, and even humanitarian aid
Geographic reach went global, from Vietnam's coffee belt to French river heights to Chilean snow depth
The infrastructure matured:
Over-the-counter deals evolved into standardized exchange-traded products
Spreadsheet-based risk management gave way to integrated weather risk management solutions
Datasets once too uncertain for commercial use became tradable through settlement services
The market represents something powerful: what happens when creativity, technology, and finance come together to solve real-world problems. Weather risk management may not solve every challenge, but it plays a vital role in helping society adapt and thrive amid climate, economic, and social disruption.
Insurance and reinsurance operate on trust in the underlying data. Xweather serves the market with structured risk products that transfer weather exposure and the operational weather data that validates individual claims.
Observations directly from national meteorological services. No intermediary processing or third-party aggregation between the source station and the analysis. Full provenance documentation for all data.
Powerup provides analytics to manage weather risk in renewable energy portfolios. It delivers clear insights for better forecasting and decision-making.
Certified weather and climate observations, rigorously documented methodologies, and independent data validation support post-deal settlement with transparency at every stage.
Lightning strike data with millisecond precision and sub-100 meter accuracy, hail event histories, and severe weather archives let claims teams verify conditions for a specific address and date.
Global reinsurer structuring weather-linked products
Needs independently sourced, statistically cleaned weather data across diverse global locations to structure and price parametric products with confidence. Settlement disputes erode market trust when data quality is questioned.
Xweather provides unlimited access to cleaned surface observations from 100,000 global reference sites, three proprietary index families for agriculture, energy, and renewables, and ongoing data feeds. The Speedwell SuperPack legacy ensures continuity for existing market participants.
100,000+ reference sites across global markets
Three index families with 500+ indices
$1B+ in risk transfer supported by the data
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From pre-deal data analysis and index selection through post-deal settlement execution, Xweather provides the complete data infrastructure for the parametric insurance lifecycle.
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global reference sites for surface observations
proprietary weather indices across three families
years of Speedwell expertise, now part of Xweather
index families: agriculture, wind, and solar
The weather risk data portfolio, built on the Speedwell Climate legacy, has supported over $1 billion in global weather risk transfer.
Over two decades of Speedwell Climate expertise, now expanded under Xweather with broader global coverage and integration into Vaisala's measurement infrastructure.
Agriculture, energy, and renewable indices designed for parametric structuring and pricing. Each family includes historical baselines, ongoing feeds, forecasts, and analytics tools for pattern analysis and risk quantification.
Surface observations acquired directly from national meteorological services through longstanding partnerships. Nearly 100,000 global reference sites with full provenance documentation for auditability.
Decision-grade weather data, forecasts, and proprietary indices for parametric insurance and weather-linked risk transfer. Three index families for agriculture, wind, and solar, sourced from national meteorological services and validated through statistical cleaning.
End-to-end management of the settlement data process for weather derivatives and parametric contracts. Certified observations, documented methodologies, independent data validation, and full audit trail transparency.
Portfolio analytics for renewable energy. Wind and solar forecasts, Speedwell-derived production indices, and customizable hedging tools for operators, traders, and investors managing weather-driven portfolio risk across assets and markets.
Historical and real-time lightning, hail, and severe weather data for claims validation and forensic analysis. Strike-level precision with error ellipses, damage potential ratings, and archives from 2016 to present. API integration for automated verification workflows.
For teams that structure parametric products, validate claims, or manage weather-driven portfolio risk, Xweather can match the right data to the requirement.
