Expert insightAug 12, 2025
Xweather settlement services
Independent settlement data for weather and climate risk
- Vast library of quality-controlled datasets
- High underwriting confidence from standardization
- Faster underwriting turnaround with compliant, regulator-approved data
Xweather settlement services provide rigorously quality-controlled observations for temperature, rainfall, wind, and solar radiation, used to calculate payouts for weather derivatives and parametric insurance. A neutral third party delivering trusted data to all counterparties.
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Settlement data trusted across the global weather risk market
Xweather settlement services delivers quality-controlled weather observations and standardized indices that insurers, reinsurers, energy companies, traders, and financial institutions rely on to settle weather derivatives and parametric contracts.
0 billion +
in global risk transfer
0 countries
across 6 continents
0
meteorological and environmental variables
0
proprietary automated weather station networks
Standardized settlement data for climate risk transfer
Datasets and indices designed to settle index-based weather and climate risk contracts with consistency and precision across counterparties.
- Temperature, rainfall, wind, and solar
- Structured indices for parametric contracts
- Consistent data across counterparties
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Quality-controlled data, indices, and certified outputs
Settlement data combines observations, processing methodologies, and standardized outputs into a single, reliable foundation for pricing, structuring, and settlement.
- Meteorological surface observations
- Quality-controlled and standardized datasets
- Certified data for contract settlement
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Reliable data foundation
Settlement data is complete, consistent, and corrected for missing or erroneous observations, even when stations move or close. Reduced risk from data gaps and inconsistencies.
Clear methodology and documentation
Every detail is defined and documented, from data sources and conventions to delivery timing and contingency handling. Fewer disputes and clearer contract terms.
Regulated and compliant delivery
Settlement data is produced in line with EU and UK regulatory requirements by authorized benchmark administrators. Meets regulatory standards for risk-transfer contracts.
Settlement capabilities
A long track record of deploying weather stations and custom station networks for weather risk management makes our solutions well suited to reduce basis risk and improve confidence in outcomes.
Tradable stations
Dedicated weather stations for settlement
Dedicated weather stations support accurate settlement for specific risk locations. Stations are positioned to reduce basis risk and can serve as primary observation points or complement existing networks. Modern systems provide secure, real-time data transmission for consistent, high-resolution observations.
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Advanced quality control
Advanced quality control
In complex or high-risk environments, advanced quality control enhances the reliability of settlement data by supplementing or validating existing observations. This includes deploying secure, modern weather stations where independent verification is critical to mitigate risks of observation bias or tampering.
The independently verified data is integrated into the settlement methodology to ensure accurate and defensible outcomes.
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Event insurance
Highly localized observations for live events
By combining a global workforce, strategically positioned instruments, and the latest technology, we can rapidly deploy teams and sensors on-site to monitor weather for public event insurance.
This eliminates basis risk for the insured while providing a clear, visible measurement framework.
Faster deployment, lower costs, and integrated settlement services have transformed insurance capabilities from optional to essential.
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Trustworthy settlement starts with disciplined data
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Standardize
Settlement data follows a defined specification covering station identification, observation methods, units, rounding, and publication schedules. All details are fully documented, removing ambiguity about what the data represents and how it is produced.
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Validate
Data is processed using a defined methodology to detect and correct errors or gaps. Missing or erroneous values are replaced using industry-standard estimation techniques to ensure the most reliable representation of actual conditions.
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Independence
Settlement data is provided by a neutral third party, not by either counterparty to the trade. This avoids conflicts of interest and reduces risks from asymmetric knowledge about stations or processing practices.
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Transparency and delivery
Adjustments to raw data are documented, archived, and communicated. Certified data is delivered on time and remains available even if underlying inputs are delayed. Full visibility, compliance, and dependable valuation throughout the contract lifecycle.
Tradable indices for confident trading
Xweather elevates meteorological timeseries to tradable financial data by implementing fixed and transparent rules with reliable and independent calculations.
Transparent, reliable, and independently produced
Our settlement methodology is fully documented with defined data inputs, clear calculation rules, and no hidden adjustments
Always available indices produced with operational continuity and defined fallback rules
Independent third-party administrator, reducing the risk of conflict-of-interest
Scalable framework and frozen indices
Settlement services are designed to support the development of robust financial markets.
Each index is frozen to ensure that weather remains the sole variable influencing outcomes, preserving integrity for risk management and settlement
A consistent methodology and technology stack across index families
Understand one index, understand the entire suite
Regulated and compliant delivery
Settlement services transform meteorological indices into financial benchmarks.
Fully aligned with IOSCO Principles for Financial Benchmarks, ensuring integrity, transparency, and market confidence
A comprehensive governance framework delivers full auditability, disciplined change control, and resilient business continuity standards
Independent and neutral
Settlement data produced by a neutral third party, eliminating conflicts of interest between counterparties.
Regulator-approved
Produced by authorized benchmark administrators in compliance with EU and UK regulatory requirements.
Transparent methodology
Every adjustment to raw data is documented, archived, and communicated. Full audit trails for regulatory and counterparty review.
Global coverage
33 countries across 6 continents, with 24 meteorological and environmental variables and 6 automated weather station networks.
Let's talk
Protect your business: contact our weather risk analysts and hedging specialists.
Speak with our settlement data team
Settlement services are provided through Speedwell Settlement Services, now part of Xweather. You are redirected to the data request form.
- Independent, neutral third party
- 33 countries across 6 continents
- EU and UK regulator-approved