Climate loss prevention that keeps your head above water
A growing number of natural disasters led to a 2000% increase in climate insurance claims since the 1970s, reaching $630b worldwide in the 2010s. Continued acceleration will lead climate insurance systems to collapse unless prevention is implemented.
Mitigrate is a ClimateTech SaaS startup generating fully automated analyses leading to prioritized preventive measures for reducing climate damages on real estate, starting with flooding, to be extended to other risks (drought, heat, wildfire, landslide, biodiversity, wind). Thanks to high-resolution satellite images, our map-based AI models, and optimization algorithms predict how 50+ climate-positive prevention measures can be implemented to reduce risk. Business value stems from reducing risks on individual assets and prioritizing preventive measures within large portfolios of commercial & residential real estate. Since 01/01/23, the EU Taxonomy has made prevention mandatory for insurers throughout Europe.
climate risk, mitigation, insurance, software, SaaS, and bank
Mitigrate is building a SaaS platform to predict how physical climate risk will impact property assets in the future. The system provides businesses and asset owners with a cost-effective strategy to mitigate risk. The user gets connected to certified, local adaptation specialists who refine and implement the solution.
Corporate | Type | Tweets | Articles | |
---|---|---|---|---|
Munich Re Insurance | Munich Re Insurance | Other 30 Apr 2024 | | |
European Parliament European Union, Political Organizations | European Parliament European Union, Political Organizations | Other 18 Sep 2024 | | |
Eurostat European Union, Environmental Services | Eurostat European Union, Environmental Services | Other 18 Sep 2024 | |