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 InsurTech SaaS startup generating fully automated analyses leading to prioritised preventive measures for reducing climate damages on real estate, starting with flooding. 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.