3 years ago
Climate X Raises €5 Million to Deliver Climate Risk Analytics
Climate X, a London-based climate risk analytics provider, has raised €5 million in funding to deliver location-specific risk ratings and loss estimates for extreme weather events linked to climate change, empowering decision-makers to make climate-informed decisions.
ProblemTechnology
"making insurance more flexible and accurate by providing data and tools to assess and manage climate change-related risks, which are currently limited and struggle to meet the increasingly sophisticated needs of customers and regulators."
Solution
"Climate X provides advanced tools to meet statutory requirements by delivering location-specific risk ratings and loss estimates for extreme weather events linked to climate change through to the year 2100, under multiple warming scenarios. This data is available through an online platform or API data feed, and covers a comprehensive range of hazard types with up to 95% performance accuracy."
