RMS adds new European and US temperature data

The company will now offer new temperature data for France, Norway and Sweden through a partnership with US-based Earth Satellite Corporation. This has enabled RMS to acquire both historical climate data and ongoing daily feeds from each country’s national meteorological service, meaning Climetrix users can access official data for use in pricing, portfolio risk management and final settlement of weather derivatives contracts.

In the United States, RMS has added supplemental databases of cleaned historical data for 200 stations, doubling the number available on Climetrix to 400. The aim is to provide end-users with a much higher density of locations within the country when they are structuring deals.

RMS now pulls weather data from a total of 500 stations around the world, the company said.

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