In 2006, WeatherFlow and Risk Management Solutions, a leader in the financial risk assessment and mitigation industry, partnered to create a group of financial products designed to allow the risk from hurricane damages to be capitalized and traded in the open market.
Using data from the WeatherFlow Hurricane Network, the proprietary WindxTM index makes possible the use of financial instruments such as Over-the-Counter (OTC) Derivatives, Catastrophe Bonds, Loss Warranties, and Parametric Insurance to provide sophisticated investors and corporations with a mechanism to balance their risk portfolios. For more information, visit the WindXTM web site.