Planette, an expert in long-range weather prediction, has announced the launch of Joro, a high-resolution forecasting platform designed for financial institutions and insurance providers.
Unlike traditional forecasts, Joro provides full probability distributions for temperature and precipitation, helping companies model extreme weather scenarios with greater accuracy, the firm explains.
The platform fills a critical gap by offering a detailed view of future weather, including low-probability, high-impact events that traditional models may miss.
“Traditional forecasts might tell you it’ll be a high temperature of 80 degrees, but that’s just one outcome. Our customers need to understand the full range of possibilities, including the likelihood of reaching 95 degrees. That kind of detailed risk data is what drives real trading decisions,” said Dr. Kalai Ramea, co-founder and Chief Technology Officer of Planette. “Joro gives customers insight into low-probability, high-impact events that traditional forecasts miss entirely.”
Joro leverages Planette’s proven approach of combining physics-based climate models with artificial intelligence (AI), extending beyond atmospheric data alone to incorporate ocean and land signals.
Such granularity allows for multiple forecast time frames, including weekly outlooks up to six weeks, monthly projections up to three months, and longer-range seasonal forecasts.
With this launch, all of Planette’s platforms are getting a data backend upgrade that combines the best forecasts from multiple sources, including the National Oceanic and Atmospheric Administration (NOAA), European Centre for Medium-Range Weather Forecasts (ECMWF), and Planette’s proprietary AI models, using performance-weighted algorithms to deliver the most accurate predictions available.
“Insurance companies are raising rates, declining renewals and pulling out of entire markets because they can’t predict risk with existing tools. Energy grids are failing because they aren’t prepared for how temperature extremes are driving electricity demand,” said Dr. Hansi Singh, co-founder and CEO of Planette.
Adding: “With Joro, we’re giving professionals a sharper, more complete picture of what’s coming in the next weeks and months, so they can act early, plan precisely, and continue to serve their customers, even in high-risk zones.”
Joro is available now via application programming interface (API) for enterprise customers.
The platform joins Planette’s other forecasting products, including Sura for general business forecasting; Umi, one of the world’s leading El Niño forecast models; and its recently launched free public-facing long-range weather forecasting tool Eddy.
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