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7A for Insurers & Banks

Allows high-precision pricing and underwriting based on a unique dataset for flood risk.

7A for Insurers & Banks

Imagine if you could price your products based on the actual climate risk. This is what you achieve with 7A for Insurers and Banks.

 

A unique dataset developed through multiple years of R&D collaboration with Fremtind Insurance activating data from their one million pluvial flood policies.

 

The 7A for Insurers & Banks model is built upon more than 600 physical parameters that influence the likelihood of flooding and the propensity to damage. In addition, the model has been trained on a vast database of flood claims data. The model is fully dynamic, adopting changes in the landscape and built environment, which are crucial to our risk understanding.

Data value

At 7Analytics we have extensive data processing capacity and a large database of proprietary data, which powers a range of key uses within financial services and insurance:

 

Setting price

High resolution risk will enable competitive pricing of insurance and lending products ensuring sustainable client relationships and profitability.

 

Portfolio and credit risk

Granular assessment of flood risk for individual buildings allows enterprise risk management and bank’s credit functions to quantify physical climate risks on both client and portfolio levels.

 

Prevention

Based on long-term risk, a financial institutions can engage with the loan and insurance takers to reduce risk, ensure business continuity, and maintain asset value.

 

Compliance

Increasingly, regulatory reporting on sustainability requires banks and insurers to document physical climate risk and climate adaptation. 7Analytics’ solutions can provide a portfolio risk overview and reveal the need for mitigating actions.

What some of our
customers are saying

  • Pål Sæterhagen, Head of Property Insurance at Fremtind

    «The collaboration with 7Analytics makes us market leading on physical climate risk.»

  • Tore Tenold, CEO of KLP Insurance

    «7Analytics’ innovative flood risk model nicely supplements our existing risk modelling and deepens our understanding of the risk landscape ahead.»

  • Håkon Hommerstad-Tveit, Head of Product, Data, and Analytics at JBF Insurance

    «Our collaboration with 7Analytics will not just improve our flood risk assessments but also actively prevent damage and protect our customers' interests.»

Next step

Free trial

To demonstrate the value and accuracy of our high-resolution data to you, we offer a trial, entirely free of charge.

 

This is a hassle-free opportunity for you to validate the precision and accuracy of our data, and showcase our ability to predict future losses.

 

  • Quickly verify data quality and suitability for integration with
    internal pricing models
  • No cost involved and limited workload on your data science team; less than one hour
  • Most importantly: Access data that increases underwriting profitability

Talk to us

Are you interested in learning more? Please get in touch or request a demo.

Jonas Aas Torland

CCO & Co-Founder

jt@7analytics.ai

  • Press

    11.11.2024

    PropertyCasualty360: Shifting weather patterns challenge future flood prediction (interview with Helge Jørgensen, CEO 7Analytics)

  • Press

    04.10.2024

    Triple-I interview with 7Analytics: Is the US insurance industry stuck in the past when it comes to flood risk?

  • Article

    11.09.2024

    Insurance partnership to tackle accelerating flood claims

  • Press

    15.05.2024

    Forbes – 7Analytics Raises €4m To Help Insurers Manage Flood Risk

Explore 7A Products

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  • 7A for Operations and Asset Owners

    A realtime flood warning solution