JBA Risk Management has teamed up with NVIDIA to add artificial intelligence (AI) to its catastrophe modelling tools. The partnership will utilise NVIDIA’s Earth-2 platform, aiming to improve the depiction of extreme weather events for the insurance and risk sectors.
JBA says the initiative aims to refine catastrophe modelling by better capturing previously difficult-to-model extreme weather occurrences. The work builds on prior research conducted using Earth-2 by the Lawrence Berkeley National Laboratory and the University of California, Irvine.
NVIDIA Earth-2 is a development platform designed to create high-resolution digital twins of the Earth’s atmosphere. By integrating AI models, the platform can generate multiple simulations of weather conditions, offering a richer dataset of extreme but plausible weather events.
JBA noted that this approach allows for faster and more comprehensive catastrophe modelling compared to traditional numerical weather prediction methods.
“Integrating NVIDIA technology has allowed us to use AI weather models to broaden our simulation of extreme events…and provide our clients with improved views of risk. We feel this collaboration marks a significant step toward the next generation of risk models,” said David Wood, Managing Director at JBA Risk Management.
With the rising incidence of nat-cat events, including floods, JBA also recently rolled out its Australian inland flood model. The said model aims to help insurers with their flood risk assessment, using hydro-dynamic moddelling with climate projections to assess flood risks in the future.
