European insurtech startup, BirdsEyeView, secures investment for climate-ready solutions

Disaster recovery plan

The funding, led by the European Space Agency, aims to propel BirdsEyeView’s growth in key markets like the UK and the US and enhance its RAPTOR™ technology.

RAPTOR™ focuses on revolutionising insurers’ access to NatCat modelling and automated underwriting. It leverages AI and vast climate data to deliver high-speed NatCat modelling, addressing the challenge of rising climate-related losses exceeding $100bn annually.

The traditional insurance approach struggles to cover losses from extreme weather events caused by climate change. BirdsEyeView’s solution automates manual tasks and provides readily available NatCat analytics at the quotation stage, enabling efficient risk selection and streamlined risk management.

This investment fuels BirdsEyeView’s expansion and advances RAPTOR™ capabilities. The startup has grown significantly since its 2022 launch, partnering with major insurers and brokers.

“This capital will fuel growth and accelerate the development of our exposure management and NatCat modelling capabilities,” said BirdsEyeView CEO James Rendell. “This progress is crucial for improving risk selection and exposure management in the face of increasing climate change-induced disasters.”

BirdsEyeView aims to reshape the insurance industry by delivering innovative solutions that benefit insurers and their clients, ultimately strengthening market resilience. Managing partner at ACF Investors, Tim Mills, stated: “BirdsEyeView’s RAPTOR™ technology offers a vital tool in addressing the growing challenges posed by climate-induced risks.”

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