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The Weather API provides weather data to combat marine insurance fraud
Windward wanted to expand their maritime intelligence service into the marine insurance market.
In addition to understanding how to help underwriters better understand the risk profile of the business they are writing, there is also the need to identify fraudulent claims and high risk behaviour like steaming into storms and putting vessels, cargo and crews at risk.
The Weather API was put in place across the whole Windward platform. This means that their clients have easy access to the data they require and are able to simply visualise weather conditions at the time of a claim and weather impacts on the vessel in their book of business. Our meteorological data and its ease of access has been highly valued and enabled Meteomatics to contribute to a variety of innovative products.
Windward clients have gained significant insights regarding marine insurance claims. This has streamlined the time and effort required to identify claims that would benefit from further investigation.