Raining information

Weather data is becoming increasingly accessible and more detailed, and – in Europe at least – publicly available data looks set to become less costly. Joe Marsh reports oncurrent developments in the weather risk market

Weather market participants are seeking increasingly exotic and detailed weatherdata, and weather data providers are responding with a greater range of datafor more weather stations than ever before. So says Stephen Jewson, London-baseddirector at Risk Management Solutions (RMS), a California-based weather riskdata and software company. “Weather data providers are trying to get asclose as possible to the end-user’s risk,” he says.

Hence RMS released a wide range of data in April. The

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