BERWYN, Pa., Feb. 8 /PRNewswire/ -- Planalytics Inc. announced today that Glacier Reinsurance AG has subscribed to its Severe Weather Service.
"As the reinsurance industry becomes more competitive and the demand for sophisticated weather related products increases, we are delighted to be working with Planalytics. Their clear, un-biased and technical approach gives us a critical edge in understanding synoptic weather processes," commented Tim Walker, Risk Manager of Glacier Group.
Planalytics Severe Weather Service provides year-round global forecasting, monitoring, tracking and alerting for tropical storms, cyclones and windstorms. Planalytics employs proprietary forecasting models to produce long-range storm forecasts of the timing, path and intensity of tropical storms in the Atlantic and Western Pacific, as well as European windstorms. The service includes daily storm monitoring and regular client consultations with a team of senior meteorologists who specialize in severe weather.
"The insurance industry has become overwhelmed by conflicting or inconclusive forecasts, opinions and theories on tropical storms and cyclone risk," said Fred Fox, Planalytics' President and CEO. "Our service was designed for clients like Glacier Re, who need consistent, specific and reliable intelligence on the timing, path and intensity of tropical storms and windstorms."
About the Glacier Group
Glacier Group is a leading P&C and Specialty Insurance and Reinsurance group headquartered in Pfaeffikon, Canton Schwyz, Switzerland. It operates from 6 offices worldwide and delivers innovative reinsurance and insurance solutions to global customers. The Glacier Group has a Net Asset Value of USD 552 million and an underwriting capital base of USD 625 million as of 30 September 2009. Glacier is rated A- (Excellent) by A.M. Best. Glacier Reinsurance AG (Glacier Re) was established in December 2004 in the canton of Schwyz in Switzerland. It has a rating of A- (Excellent) with a stable outlook from A.M. Best and is regulated by the Swiss Financial Market Supervisory Authority FINMA.
About Planalytics Inc.
Planalytics Inc. is the singular global source of Business Weather Intelligence -- the actionable information companies need to understand and optimize the impact of weather on their business. Powered by an unparalleled database of weather's financial and volumetric impacts, proprietary forecasting technologies and market-specific expertise, Planalytics' Business Weather Intelligence is essential to any company, in any industry, looking to effectively shape strategies, pinpoint opportunities and make more profitable decisions. For more information, visit www.planalytics.com.
SOURCE Planalytics Inc.
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