Why Climate Risk Means Business
Climate - related losses expected to increase from $300bn to $1.5trn per annum by 2030
Only 1/3 of these losses is insured and the insurance gap is increasing
Regulators are pushing for climate risk disclosure by as soon as 2020.
Climate risk is complex, dynamic and Massive. However it can be modelled. We aim to be best at applying cutting edge Artificial Intelligence and using Advanced Weather Models to capture and Quantify Dynamics of climate Risk
Our core technology is already built (6 years of research on it), and it has very strong modelling capability on climate risk variables. The analytics will be real time and with broad range applications in terms of climate risk (wind/solar/typhoon, floods, storm surge etc.) but also in terms of physical assets such as turbines, solar panels, buildings.
50 Times More Granularity
Our climate models can project climate risks at a street level resolution, i.e.. from 100km to 5km radius for typhoons
30% better predictive power
Our technology delivers a 30% better predictive power than most advanced current climate models and 70% better than regression based models
We can estimate that a typhoon category 10 (expected to happen in the coming year) would cause $2mil damage on the wind turbine. Similarly our dynamic climate prediction can generate an IRR increase on wind farms by 20-30%.
A 2-4 months on time project is replaced by a 2 minute process with a continuously updated reported on the climate related risk
10 climate risks for one location
Up to 10 climate risks such as flood, typhoons, winds, sea level raise etc., are scored individually and altogether for same specific location
Hazard Dynamics | Vulnerability | Exposure | Financial Model
Complex, accurate and comprehensive technology mapping climate risk into dollar value
Extremes Weather Data From Models
Superior than any existing climate model. Ability to model secondary perils.
Damage Calculated from Combined Data and Engineering Simulations
Innovative, accurate, broad range application on new type of assets.
Intensel Loss Modelling framework
AI-enhanced, forward looking and accurate dollar loss estimation.