Mitsui Sumitomo using Nasa data for weather product

Mitsui Sumitomo Insurance is to launch a weather parametric
product that utilises data from Nasa satellites, according to media
reports.
Japan's Nikkei Asian Reviewreported yesterday that the Japanese insurer used surface
temperatures and other data from the space agency to develop the
product, which is targeted at companies whose earnings can be
impacted by the weather.
The product will be sold through Mitsui Sumitomo subsidiary MSI
GuaranteedWeather, which provides weather-based risk managemen