Weather Analytics merges with Athenium

Weather Analytics, a US-based provider of risk information for insurance carriers, has acquired and merged with Athenium. The new entity will operate as Athenium Analytics. Athenium software currently helps carriers assess performance of both claims and underwriting. Following the deal, the combined companies will invest $25 million to build a new decision-support software for insurers, enabled by artificial intelligence and computer-vision capabilities. These new programmes will include advanced mobile applications for crop insurance, tools to more efficiently insure small businesses, and models to assess risk in workers' comp for diverse business classifications.