System of Record

A System of Record is the authoritative source of information for a business process. For weather risk, ClimateDelta is designed to preserve the complete record of an exposure from its initial identification through underwriting, transaction, administration, settlement, and portfolio management.

Today, that information is often scattered across spreadsheets, email, weather data providers, underwriting models, policy systems, reinsurance applications, and reporting databases. Each may contain part of the truth. ClimateDelta connects those records across the lifecycle of the risk, creating continuity from beginning to end.

EXPOSUREWho or what is exposed, where the exposure exists, and what financial outcome weather affects.

WEATHER INTELLIGENCEHistorical data, locations, data sources, indices, models, and analytical methodology.

DESIGNProduct or program structure, triggers, thresholds, coverage period, limits, and payout methodology.

UNDERWRITINGAssumptions, analysis, eligibility, risk decisions, and underwriting terms.

PRICINGPricing methodology, rates, expected outcomes, and approved economics.

TRANSACTION / POLICYFinal contractual terms, counterparties, insureds, limits, premium or consideration, and effective dates.

RISK CAPITALCarrier, reinsurer, counterparty, or other capital supporting the exposure.

PORTFOLIOHow the risk contributes to aggregate exposure, concentration, and portfolio performance.

MONITORINGWeather observations and relevant conditions during the contract period.

SETTLEMENT / PAYMENTTrigger determination, underlying data, calculation, and financial outcome.

HISTORYChanges, approvals, renewals, versions, and the complete audit trail.

The value comes from connecting these records. The original exposure remains connected to the analysis, the structure to the underwriting decision, the underwriting decision to pricing, the transaction to the capital supporting it, and the settlement back to the weather information and contractual terms that determine the outcome.

This creates a common reference point for participants across the Weather Risk Economy. It improves trust, auditability, operational integrity, and portfolio intelligence while reducing the need to reconstruct transactions from multiple systems.

It also provides the foundation for AI. STORM™ can operate against a structured, permissioned, and auditable record of the weather risk lifecycle, allowing AI to help users understand exposures, interrogate portfolios, examine underwriting decisions, identify patterns, and support workflows using information the organization recognizes as authoritative.

ClimateDelta is the System of Record. STORM is the intelligence that operates upon it.