

Press
11.11.2024
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.
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:
High resolution risk will enable competitive pricing of insurance and lending products ensuring sustainable client relationships and profitability.
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.
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.
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.
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.
CCO & Co-Founder