Big Data Weather Insurance for Farmers
The Climate Corporation uses 50 terabytes of live data — including weather measurements from 2.5 million locations and 150 billion soil observations — to create weather insurance for farmers. Its founders learned big data principles from their time at Google and now predict risk for weather events like droughts or flooding. This graphic is the first of its kind to visualize soil type; darker blue coloring shows a higher water holding capacity, better for growing crops, while lighter colors have less capacity.
The Climate Corporation’s mission is to help all the world’s people and businesses adapt to climate change. The Climate Corporation (formerly known as WeatherBill) protects the $3 trillion global agriculture industry from the financial impact of adverse weather—the cause of over 90% of crop loss—with automated, full-season weather insurance.
Total Weather Insurance (TWI) is The Climate Corporation’s flagship full-season weather insurance program. Created with insights from agronomists and growers nationwide, TWI addresses growers’ exposure to financial loss even when they fully utilize federal crop insurance programs. Unlike traditional insurance, TWI pays out solely based on measured weather conditions, requiring no unnecessary paperwork, no claims process and no waiting for payment.
At the heart of TWI is the company’s technology platform, which ingests weather measurements from 2.5 million locations and forecasts from major climate models on a daily basis, and processes that data along with 150 billion soil observations to generate 10 trillion weather simulation data points used in the company’s weather insurance pricing and risk analysis systems.
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