Earlier quoted context omitted.
Why in Asia more than in other parts of the world? Mitigation of weather-related risks and oportunities should apply to any farmer with enough sophistication.
Maybe the comment was more about the agricultural economy. Most farmers have been and continue to be small-scale farmers (a few acres?), and since there are a lot more people in Asia, I'd expect a lot more farmers. I'm guessing that climate changes would hit 1000 people each with 2-acre farms in Asia differently than it would the pocketbook of 1 person with a 2000 acre farm in America that grows crops that get partia…
Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
21–30 of 33 posts
Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#22Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#23I see that weather forecasting companies are now referred to as weather big data companies, even though most people know that forecasting means crunching large data sets.
It's a little cool kung fu master cryptic, but what he means is that before you start boxing a punch is something you think you understand. It's hitting someone with your fist. Simple concept. Then, if you practice boxing you quickly build up an increasingly complex vocabulary: light-footed jab, leaping lead hook, low cross. You learn that a counter to a looping right hook is quick stiff jab and that it's very hard to get power into a straight punch if you are moving backwards. Then (when you get to Bruce Lee level) you leave those definitions behind. A punch is a punch. Even though there are infinite variations, you don't need all those words. The complexity is implied and understandable.
This is similar to a lot of other things. At first, designing web sites was just designing web sites. No one knew what they were doing really. Then when people had enough experience, learned new ways of doing things & technology advanced they realized "hey, these websites are really software not documents and they're mostly about users creating content and interacting with each other!" So we got Web 2.0 . I think we're back to web design is just web design. "Creating software that lets users interact with each other" is implied.
Same with number crunching. Number crunching-> big data -> number crunching.
Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#24I see that weather forecasting companies are now referred to as weather big data companies, even though most people know that forecasting means crunching large data sets.
If the trend continues, we can expect Big Data aircraft designers and Big Data astrophysics software.
Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#25Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#26I see that weather forecasting companies are now referred to as weather big data companies, even though most people know that forecasting means crunching large data sets.
Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#27Earlier quoted context omitted.
Most insurance companies have their insurance policies underwritten by a reinsurer: https://en.wikipedia.org/wiki/Reinsurance
You're right. I looked a little more on their site and found: The policies are reinsured by Swiss RE Corporate Solutions Ltd which also has an A.M. Best rating of "A+" (Superior). It looks like Swiss Re has a pretty significant global crop insurance business. http://www.swissre.com/reinsurance/insurers/agriculture/ edit: I'm still a little confused though. What is the point of developing their own sophisticated risk…
Swiss Re reinsures Climate Corp, not any individual policy. So Climate Corp sets the price for each policy and pays out each claim. Swiss Re pays out to Climate Corp if in aggregate all the claims are greater than the price charged.
Does that make sense?
Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#28I see that weather forecasting companies are now referred to as weather big data companies, even though most people know that forecasting means crunching large data sets.
Re: Monsanto Acquires Weather Big Data Company Climate Corporation For $930M
#29Earlier quoted context omitted.
You're right. I looked a little more on their site and found: The policies are reinsured by Swiss RE Corporate Solutions Ltd which also has an A.M. Best rating of "A+" (Superior). It looks like Swiss Re has a pretty significant global crop insurance business. http://www.swissre.com/reinsurance/insurers/agriculture/ edit: I'm still a little confused though. What is the point of developing their own sophisticated risk…
Former Climate employee here. Swiss Re reinsures Climate Corp, not any individual policy. So Climate Corp sets the price for each policy and pays out each claim. Swiss Re pays out to Climate Corp if in aggregate all the claims are greater than the price charged. Does that make sense?