Flood risk specialist JBA Risk Management has collaborated with NVIDIA’s Earth-2 team to integrate AI-driven weather models into its flood risk catastrophe models, aiming to improve the understanding and representation of extreme and rare events for the insurance and risk sectors.
For those unaware, NVIDIA Earth-2 is a development platform that enables the integration of AI models to create high-resolution digital twins of the Earth’s atmosphere.
“Earth-2 provides tools and models to improve catastrophe modelling through the creation of richer event sets that contain previously unseen but plausible extreme weather occurrences,” JBA explained.
This new initiative reportedly builds on previous work using Earth-2 by the Lawrence Berkeley National Laboratory and the University of California, Irvine.
JBA additionally observed that its work with the NVIDIA Earth-2 platform demonstrates the potential of AI-powered approaches in improving catastrophe modelling by better capturing previously hard-to-model extreme weather occurrences.
David Wood, Managing Director of JBA Risk Management, said, “At JBA, we are always looking for ways to advance natural hazard and catastrophe modelling.
“Integrating NVIDIA technology has allowed us to use AI weather models to broaden our simulation of extreme events, enabling us to build on our market-leading position and provide our clients with improved views of risk. We feel this collaboration marks a significant step toward the next generation of risk models.”
Dion Harris, Senior Director of HPC and AI Factory Solutions at NVIDIA, commented, “NVIDIA Earth-2 represents a significant step forward in harnessing AI-accelerated models, to enhance JBA’s flood risk management capabilities.
“By integrating NVIDIA’s advanced AI-driven weather forecasting tools, JBA can provide clients with more precise and timely insights to effectively simulate real-world climate and weather outcomes and enable greater preparedness.”
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