Extreme Weather Forecasts by AI May Help Insurers Facing a Risky Climate Future

Rich Sorkin, CEO and co-founder of climate risk analytics firm Jupiter Intelligence, agreed that insurers can no longer rely solely on "backward-looking" historical data models given the unprecedented threats of climate change. Jupiter uses AI to integrate data from leading climate models, local terrain, infrastructure vulnerability assessments, and damage estimates. This helps insurers understand risk over the lifetime of assets, rather than just annually.