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Industry use case
Insurance & risk
An auditable weather record behind every policy and claim.
Actuarial and parametric-product teams price triggers, stress-test exposure, and settle disputed claims against one consistent historical record — not a black-box model.
How PastClimate helps
Parametric product pricing
Backtest a candidate trigger against the real historical frequency of the event before it goes to market.
Claims validation
Pull the verified weather at a specific place and date to confirm or dispute a claim in minutes.
Catastrophe & exposure
Stress-test a book against the worst days on record — ready today, no model required.
Reserving & reinsurance
Back reserve levels and treaty terms with an auditable historical record, not a black-box model.
The report
Parametric Index Design Pack & Weather Verification Report
Actuarial and parametric-product teams designing index-insurance triggers; claims adjusters confirming the weather behind a specific claim.
Sample report snapshot
Parametric Index Design Pack & Weather Verification Report
Real data for Cairns, Australia · 10 years on file
34.75°C
Hottest day on file
on 2019-02-21
269.86mm
Wettest day on file
on 2023-12-17
7.86m/s
Windiest day on file
on 2023-12-13
10
Years on file
In your report
- Raw hourly weather for the exposure location, any single date in the record, as CSV — pull the dates that matter for backtesting a candidate trigger
- Four extremes on file — hottest, coldest, wettest and windiest day, each with the exact date — the core evidence for catastrophe & exposure stress-testing and reserving/reinsurance support, ready today
- Claim verification snapshot — the weather at one place and date, with grid cell, model version and generation timestamp as provenance
- Climatological odds of rain on a specific calendar date — context for date-based trigger design (this is the odds of any rain falling, not the odds of a rainfall amount being exceeded)
Coming soon
- A formal exceedance-probability curve over the full historical distribution, for percentile-based index design (e.g. "1-in-20-year rainfall")
- Threshold event-frequency tables (e.g. "days per year with >40mm rain") — needs the raw daily series aggregated by threshold, not a packaged output yet
Curated for insurance & risk
Paid features on PastClimate most teams in this industry reach for first.
Weather anomalies
How this year compares to the historical baseline.
proClimate trends
Multi-year warming/cooling trend for a city.
proRainfall analytics
Country-wide total rainfall map for a month.
pro