Jupiter in the news

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?

“What I think is going to wind up happening is that the banks are going to be so far ahead of the insurance companies.” Marketplace talks to Jupiter CEO Rich Sorkin about the company’s efforts to push insurers to adapt to the realities of climate change using geospatial data.

The growing threat from extreme weather has businesses taking a greater interest in climate risk. In an exclusive report, The Washington Post explores Jupiter’s success working on resilience planning for organizations and how that has led to a 10‑fold increase in contracts at the start of 2021. The Post’s piece showcases Jupiter’s growing list of influential clients in the private and public sectors and looks at how Jupiter helps climate experts, businesses, and governments prepare for climate change.

Rising sea levels threaten Florida property values over the next few decades, and “almost none of this risk is reflected in prices,” says Jupiter CEO, Rich Sorkin. Business Insider investigates the looming crisis, turning to Jupiter’s special report on the situation in Miami-Dade for insight.

The 100 companies on the list represent the private, independent, and for-profit companies best positioned to contribute to a more digitized, de-carbonized and resource-efficient future. Jupiter’s climate change risk analytics were selected among winners from 15 countries and various industries.

Zurich’s Global Innovation team chose Jupiter from among more than 1,300 submissions from companies in 43 countries around the world.

“2020 has proven beyond a doubt that the private sector has much work to do to prepare for future disruptions, and this is especially true regarding the risks that climate change presents to the stability of financial markets,” Keenan said. “I’m excited to join Jupiter on their mission to not only help organizations adapt to the shocks and stresses of climate change, but to also take advantage of the opportunities for sustainable investment.”

ClimateScore Global™ is a next-generation climate risk analytics tool that provides physical risk assessment designed to support decision-making across a wide range of industries—for any point on the land surface of the planet through the year 2100.

“With the support of industry leaders including Liberty Mutual and MS&AD, Jupiter will continue to deepen our analytics to help customers make complex financial decisions as they emerge from a global economic crisis,” said Rich Sorkin, CEO and Co-Founder.

The $1M grant will go towards the deployment of Jupiter’s FireScore™ Operations service, a wildfire threat and intelligence platform, to accelerate readiness for the 2020 wildfire season.

Jupiter today announced an agreement with the Hawaiian Electric Companies to provide ongoing climate risk analytics services for generation, transmission and distribution infrastructure across five major islands of Hawaii. Jupiter also recently announced a capital investment from Elemental Excelerator (Elemental), a global infrastructure innovation accelerator. The funding, as part of Elemental’s Demonstration Track, will enable Jupiter to accelerate deployment of its flood and wind risk analytics services in the Pacific, beginning in Hawaii.