Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more.

5

Context: Climate change poses significant risk to insurers of residential and commercial properties, with some already withdrawing from regions hard-hit by wildfires, flooding and extreme weather events (1, 2).

Problem: Assessing a property’s level of exposure to extreme weather and climate change is difficult and time-consuming. So is the process of verifying and assessing claims, as the site of a landslide, severe flood or wildfire can remain inaccessible for weeks after the event.

Solution: Leverage recent developments in satellite imaging (eg: SAR) and computer vision to help property insurers price climate risk and verify claims.

Sources:
1: https://www.theguardian.com/us-news/2023/may/27/state-farm-home-insurance-california-wildfires
2: https://www.theguardian.com/us-news/2023/jul/12/florida-farmers-insurance-climate-crisis