- Planette’s platform, Joro, helps financial insurance industries model extreme weather scenarios where significant profits and losses could occur
- Tool provides the full probability distribution needed for trading decisions and insurance modeling
- Backed by NASA and the National Science Foundation, Planette combines the best forecasts and sources with AI-powered optimization to achieve the highest level of accuracy
- Joro’s accuracy metrics beat those of NOAA and ECMWF, providing early lead times for key market signals that other forecast products may miss
SAN FRANCISCO–(BUSINESS WIRE)–Despite increasingly volatile weather and advances in short-term weather prediction, the finance, insurance, and energy sectors still lack the precise, long-term forecasts they need to inform high-stakes decisions and appropriately price risk. Responding to this challenge, Planette, a leader in long-range weather prediction, has launched Joro, a high-resolution forecasting platform built for financial institutions, insurance providers, and data-driven professionals who need detailed weather insights that offer views months into the future. Joro fills a critical gap left by traditional forecasts by providing full temperature and precipitation probability distributions, from the 5th to 95th percentile, for any global location. This level of precision enables users to better predict future weather scenarios and make more intelligent and timely decisions about high-risk opportunities, or take advantage of hidden weather trends that could affect commodities or supply chain logistics, among others.
“Traditional forecasts might tell you it’ll be a high temperature of 80 degrees, but that’s just one outcome. Our customers need to understand the full range of possibilities, including the likelihood of reaching 95 degrees. That kind of detailed risk data is what drives real trading decisions,” said Dr. Kalai Ramea, co-founder and Chief Technology Officer of Planette. “Joro gives customers insight into low-probability, high-impact events that traditional forecasts miss entirely.”
Joro leverages Planette’s proven approach of combining physics-based climate models with artificial intelligence (AI), extending beyond atmospheric data alone to incorporate ocean and land signals. Such granularity allows for multiple forecast time frames, including weekly outlooks up to six weeks, monthly projections up to three months, and longer-range seasonal forecasts. With this launch, all of Planette’s platforms are getting a data backend upgrade that combines the best forecasts from multiple sources, including the National Oceanic and Atmospheric Administration (NOAA), European Centre for Medium-Range Weather Forecasts (ECMWF), and Planette’s proprietary AI models, using performance-weighted algorithms to deliver the most accurate predictions available. Comprehensive performance testing reveals Joro outperforms traditional meteorological services on standard industry accuracy metrics.
With this precise global resolution, Planette can deliver the more accurate, hyper-localized forecasts that its customers are looking for. From commodity traders seeking to uncover hidden market opportunities and hedge funds analyzing localized weather impacts, to insurance firms seeking to accurately price risk, high-resolution probabilistic forecasts help enable more advanced risk modeling for weather-sensitive decisions.
“Insurance companies are raising rates, declining renewals and pulling out of entire markets because they can’t predict risk with existing tools. Energy grids are failing because they aren’t prepared for how temperature extremes are driving electricity demand,” said Dr. Hansi Singh, co-founder and CEO of Planette. “With Joro, we’re giving professionals a sharper, more complete picture of what’s coming in the next weeks and months, so they can act early, plan precisely, and continue to serve their customers, even in high-risk zones.”
Joro is available immediately via application programming interface (API) for enterprise customers. The platform joins Planette’s existing suite of long-range forecasting products, including Sura for general business forecasting and Umi, one of the world’s leading El Niño forecast models. Earlier this year, Planette launched Eddy, a free public-facing long-range weather forecasting tool with customizable alerts.
For more information about Planette’s long-range forecasting platforms, enterprise APIs, or research collaborations, please visit https://www.planette.ai.
About Planette
Planette is a long-range weather prediction platform that combines cutting-edge AI with decades of Earth system science. Planette enables businesses, governments, and individuals to make proactive decisions in the face of increasing weather volatility. The company’s forecasting platform bridges the gap between short-term weather reports and long-term climate projections, offering insights from one week to six months ahead, with future expansion toward multi-year outlooks. Planette’s forecasts support sectors including energy, insurance, travel, infrastructure, and public safety, providing critical lead time to reduce risk, protect assets, and build resilience. Learn more at planette.ai.
Contacts
CONTACT INFORMATION:
Technica Communications
Melanie Morris
planette@technica.inc
