Jupiter in the news

CNBC coverage of how Jupiter is working with Fannie Mae to figure out just how to factor climate risk into home values and mortgage underwriting and its implications for the nation’s nearly $12 trillion mortgage market.

“AI-based systems can give much more predictive insight to what the likely risk ranges are for farmers,” said Jason Pontin, a partner at DCVC and investor in Jupiter. “You can buy better financial products, like insurance products, since you’re literally betting the entire farm.”

CHANCE asked Katherine Bennett Ensor, president of the American Statistical Association, to interview Rich Sorkin, CEO and co-founder of Jupiter Intelligence, for his insights about mitigating physical climate risks around the globe.

Jupiter CEO, Rich Sorkin, speaks with MPower Partners about the critical role ESG plays in business growth and performance including crucial culture benefits —both internally within the company and externally to customers, shareholders, and community, as well as government, business leaders and public policy makers.

Bisnow spoke with Jupiter CEO Rich Sorkin about the impact on Florida’s commercial real estate and insurance from Hurricane Ian and climate change. “Codes will only go so far in aiding newer buildings as the intensity of storms continues to increase with climate change.”

Jupiter CEO Rich Sorkin speaks to MarketWatch about the critical need for climate analytics in the insurance industry and the concept of “duration mismatch.”

The HuffPost reports on the multiple concurrent and sequential weather and climate events around the world referencing Rich Sorkin, Jupiter CEO as an industry expert. “There’s a cautious scientific perspective where you can look at the data and it’s clearly getting warmer and we’re seeing increased extreme events and economic costs, but you can’t tie any one event back to climate change in a scientifically rigorous way…. There is also an awful lot of support for global warming being the driving event for the increased intensity and frequency of severe events and perspective from those who say the world is burning down and yesterday was too late to do anything about it.”

Commercial Risk covers Jupiter’s new partnership with Aon and explores how Jupiter will assist Aon’s clients in quantifying climate risks.

“If you hold a mortgage, or a commercial loan for real estate, even if you assume that it’s going to get refinanced, you have to evaluate what the economic environment is going to be at the time it’s refinanced,” Sorkin added. “Now people don’t price [climate risk] in, but they will in 10 years.” —Jupiter CEO Rich Sorkin speaks with Commercial Observer about the expanding requirements and demand for “climate intelligence” to inform investment decisions.

Jupiter, the trusted leader in climate risk analytics, announced its renewed partnership with The Nature Conservancy (TNC) in Colombia, as part of The Jupiter Promise program. This collaboration aims to leverage expertise and combine efforts to cocreate strategies that address the impacts of climate change on indigenous communities within the vital, diverse and culturally rich Amazon region.

The Nature Conservancy Colombia y Jupiter Intelligence se unen con Organizaciones de Pueblos Indígenas y Comunidades Locales de la cuenca del río Caquetá impulsando decisiones informadas y empoderando a la comunidad para participar activamente en la definición de estrategias para un futuro sostenible.

Jupiter, the trusted leader in climate risk analytics, today announced that as part of The Jupiter Promise program, it has partnered with the Institute of Himalayan Risk Reduction (IHRR), to help identify changing risks from extreme weather events and the impacts they pose to vulnerable communities across Nepal. 

Jupiter, the trusted leader in climate risk analytics, today announced significant enhancements to ClimateScore™ Global, the company’s climate risk analytics offering that provides decision-ready insights to understand exposure, predict operational and financial risks and build resilience to the impacts of climate change. 

Jupiter, the trusted leader in climate risk analytics, today announced a collaboration with Axionable, an award-winning sustainability and technology consulting group in France. The partnership provides joint customers in France and across Europe with best-in-class climate data and analytics from Jupiter and consulting services from Axionable, to assess the risks that climate change will have on their businesses and meet mounting regulatory disclosure requirements.

Jupiter, the trusted leader in climate risk analytics, today announced that Fannie Mae is using the company’s industry-leading product, ClimateScore™ Global, to assess the potential impacts of climate change on their mortgage portfolio backed by over 17 million U.S. single-family and multifamily residential assets.

FORVIS collaborates with Jupiter Intelligence on climate risk modeling platform

Jupiter announced a project with Fannie Mae to identify neighborhoods and communities most at risk from perils related to climate change as part of The Jupiter Promise program for historically marginalized communities.

Aon has announced a collaboration with Jupiter that will assist global financial institutions in navigating the increasing volatility resulting from climate change.