Juniper Re partners with Canopy Weather for advanced storm response analytics

Juniper Re, the reinsurance broking arm of BRP Group, has partnered with Canopy Weather to offer customised severe storm event response analytics to Juniper Re clients.

Severe weather occurrences such as tornadoes, hailstorms, and strong winds can cause significant damage to properties. Canopy utilises advanced technology and expertise to promptly provide accurate observations immediately after storms.

Canopy’s focus on application and data quality allows it to deliver precise post-storm data, providing a comprehensive understanding of ground-level storm impacts unlike any other.

Don Giuliano, President of Canopy, underscores the value of this partnership, stating, “We have a mutual interest in accurately assessing and mitigating the impacts of severe storms. By leveraging our weather analytics expertise and Juniper Re’s innovative reinsurance solutions, we can offer carriers data driven peace of mind and financial security in the face of extreme weather events.”

This collaboration will enable carriers to improve their estimation of storm-related losses, optimise resource allocation, and enhance overall customer satisfaction.

The partnership was driven by the increase in severe storm losses, underscoring the growing need for swift assessment of affected exposure and potential losses post-event.

Adam Miron, Head of Catastrophe Analytics at Juniper Re, emphasises the critical importance of precise and actionable insights following severe storm events, stressing the need for carriers to regularly evaluate their event response providers to maximise capabilities and responsiveness.

Miron adds, “Our collaboration with Canopy enables Juniper Re to seamlessly provide our clients with tailored event response solutions using cutting-edge technology adapted to fit their specific needs.”

Jeff Irvan, President of Juniper Re, expresses his excitement about the partnership, noting that “many clients rely on their reinsurance broker to provide impacts in the aftermath of a storm. At Juniper Re, we pride ourselves in working with best-in-class, differentiated providers like Canopy to provide actionable insights.”

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