Reask Tropical Cyclone Risk Analytics

Organization
REASK UK Ltd · United Kingdom
Solution Type
Ready Product / Solution
Collaboration
Licensing, R&D Collaboration

1. Technology overview

Reask was founded in 2018 by a team of catastrophe modellers and operates through REASK UK Ltd in London. It builds climate-aware extreme weather hazard models for insurers, reinsurers, insurance-linked securities investors, corporates and governments, addressing the gap that traditional catastrophe models leave between a changing climate and tropical cyclone losses.

The product suite covers all decision horizons. DeepCyc is a global tropical cyclone hazard model generating more than 100 million AI-driven stochastic events conditioned on past, present and future climates, from 1.5 to 3 degrees of warming. LiveCyc combines machine learning, official forecasts and real-time simulation to deliver kilometre-level wind gust probabilities up to 72 hours before landfall. Metryc reconstructs event footprints on a global 1 x 1 km grid with a catalogue of over 4,000 storms since 1945 and acts as calculation agent for parametric payouts.

2. Highlighted features & specifications

  • DeepCyc: Global stochastic event set of over 100 million climate-conditioned tropical cyclones.
  • Warming-level scenarios: Adjusts risk views for seasonal patterns and warming from 1.5 to 3 degrees.
  • LiveCyc: Probabilistic wind and rainfall forecasts updated up to four times daily before landfall.
  • Metryc footprints: Best-guess and percentile wind footprints with terrain correction on a 1 km grid.
  • Parametric calculation agent: Independent trigger reports for parametric insurance payouts.
  • Cyclone alerts: Email early warnings with 1 km windfield forecasts for selected regions.

3. Potential application

  • A Vietnamese non-life insurer or reinsurer designs a parametric typhoon cover for coastal factories or farmers using Metryc as the trigger.
  • A bank or insurer stress tests its central coast exposure under 2 degree warming scenarios with DeepCyc.
  • A logistics or energy company uses LiveCyc alerts to prepare ports and plants before a typhoon makes landfall.

4. Benefits

  • Gives insurers a climate-adjusted view of tropical cyclone risk for pricing and stress testing beyond historical averages.
  • Provides impartial parametric triggers with payout calculations within 48 hours of an event.
  • Early warnings up to 72 hours before landfall help mobilise claims and response teams sooner.
  • Peer-reviewed models with consistent global coverage across all tropical cyclone basins.

6. Other information

Founded in 2018 by catastrophe modellers; CEO Jamie Rodney, Chief Science Officer Thomas Loridan. The website is operated by REASK UK Ltd, 49 Greek Street, London. Named Solutions Provider of the Year at the 2025 Parametric Insurer Awards and partnered with Howden Re on climate risk modelling in Europe. Swiss Re Corporate Solutions uses Reask wind data for parametric covers.

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