Jupiter in the news

“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.

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

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

NOAA and climate analytics company, Jupiter Intelligence, signed a formal agreement to advance understanding of coastal ecosystems, precipitation and water level predictions. The goal of the partnership is to support community response to coastal risks to mitigate effects of climate change.

Jupiter today announced a new collaboration with Boston Consulting Group (BCG), a global consulting firm and leader in the climate space, that will incorporate Jupiter’s best-in-class climate analytics into BCG’s existing ClimateImpact.AI platform.

Jupiter Promise will provide best-in-class climate risk analytics to protect sensitive natural areas and estimate future heat and water stresses associated with climate change in Colombia.

With an initial focus on Bain’s global Financial Services practice, this partnership will help Bain’s clients in banking and insurance to build a rich understanding of their exposure to physical risks, much beyond regulatory requirements.

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.