AIR and RMS expand weather modelling

Two risk modelling firms, best known for their work in the catastrophe risk area, have extended their data services to provide information for the weather risk trading market. Applied Insurance Research (AIR) and Risk Management Solutions (RMS) have both launched online weather risk products, aiming to provide data and modelling services for this rapidly growing market. The new services should help level the playing field for some potential traders who currently feel their lack of reliable data makes it not worth participating.