Jupiter in the news

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.

Axios covers Jupiter’s new collaboration with Boston Consulting Group and speaks with Jupiter CEO Rich Sorkin about the company’s partnership strategy.

Meghan Purdy, Jupiter’s Lead Climate Product Manager, joined a panel of experts to discuss fundamentally changing the approach to natural catastrophe modeling.

Jupiter CEO Rich Sorkin speaks to GreenBiz about how Jupiter is expanding to meet the growing interest and requirements in climate analytics and insights. Increasing number of global companies use Jupiter’s flagship ClimateScore to assess the physical impact of what Sorkin calls “climate pollution.”

“Jupiter is one of the leading corporate players working to help reduce the climate risks to the public and private sectors,” says Axios in their continuing coverage of Jupiter’s Series C investment round, while Jupiter CEO Rich Sorkin reveals that the company is developing new services and plans to add 50 people to its workforce.

$15 billion in damages; record insurer losses; a 10-year high in payouts, all in the first half of 2021 and even before Hurricane Ida has been factored in. In the face of a rapidly changing climate, Jupiter helped FEMA develop Risk Rating 2.0 using climate risk modeling. “I think most people inside FEMA would like to be moving much faster than they have the resources or permission to do,” Jupiter CEO Rich Sorkin told The American Prospect.

Axios’ Andrew Freeman has coverage of MPower’s investment and Jupiter’s expansion in the Japanese market.

“When you’re down to adapt or die, most people will eventually adapt,” says Jupiter CEO Rich Sorkin in a wide-ranging interview about the future of climate resilience with Forbes. Are you and your firm prepared?

Jupiter Adds New Metrics For Extreme Cold And Local Water Stress To ClimateScore Global Analytics Platform.

Jupiter, the global leader in climate analytics for resilience and risk management, announced today that Betsy Weatherhead has rejoined the company as Special Representative to the Scientific Community.

Jupiter announced the launch of the Jupiter Promise—a program to make Jupiter’s services available at little to no cost to underserved countries and communities suffering most from the effects of climate change. In this far-reaching initiative, Jupiter plans to reach more than 20% of the world’s population, partnering with at least 20 additional NGOs by the end of 2023.

The Series C Financing is co-led by Clearvision Ventures and MPower Partners. Jupiter now provides analytics to 30 companies in the Global 2000, U.S. Department of Defense and FEMA to understand the impact of climate change on their physical infrastructure and supply chains, risks to financial portfolios, and vulnerabilities to human health and safety, and to protect over ten billion dollars of physical assets and more than a trillion dollars of financial assets.

Jupiter will join insurance and utility industry leaders along with the Lawrence Livermore National Laboratory and others in a program at San Jose State University’s Wildfire Interdisciplinary Research Center (WIRC).

Jupiter announced a major expansion of its work in Japan—adding an industry leading Japan-based venture investor MPower Partners. MPower is Japan’s first ESG-focused global venture capital firm and the first female-led VC firm in Japan.

The Columbia Professor of Earth and Environmental Sciences, Applied Physics, and Applied Mathematics, author, and podcast host further strengthens Jupiter’s unmatched scientific expertise. “We are excited that Adam will bring his knowledge and enthusiasm to continue our efforts at providing the economy with the best science possible,” said Josh Hacker, Jupiter’s Chief Scientist and Co-founder.

Leavitt is a legal pioneer on emerging standards of care in the construction and engineering design resiliency of structures that are threatened by extreme weather from climate change as well as the legal ramifications of failing to adapt to climate change.

In collaboration with MS&AD InterRisk Research & Consulting, the goal of the enhancement is to resolve the lack of scientific data and completeness in terms of subject regions, and other issues regarding climate change scenario analysis.