UST and mistEO Forge Strategic Partnership to Revolutionize Climate Risk Management in the Insurance and Banking Sectors
ALISO VIEJO, Calif., Sept.13, 2023 /PRNewswire/ -- UST, a leading digital transformation solutions company, and mistEO, a climate fintech company, have announced their strategic partnership to address the pressing need for accurate, localized weather and climate risk data in the insurance and banking industries. With climate-related risks on the rise, insurers and banks face escalating costs due to the absence of reliable, hyper-localized projections. Through this partnership, mistEO will collaborate closely with UST to empower its insurance and banking clients across the US market with invaluable insights into weather and climate risks, specifically in the Property & Casualty (P&C) and Travel Insurance segments.
- Through this partnership, mistEO will collaborate closely with UST to empower its insurance and banking clients across the US market with invaluable insights into weather and climate risks, specifically in the Property & Casualty (P&C) and Travel Insurance segments.
- The global surge in extreme weather events and the evolving climate landscape have intensified the challenges insurance and banking companies face in quantifying and managing climate-related risks.
- With mistEO's cutting-edge weather analytics and climate modeling expertise, UST aims to bridge the gap between critical data and insurance product development.
- Together, they are poised to revolutionize the insurance and banking sectors, offering reliable solutions to one of the most pressing challenges of our time.