Mitigrate

Did you know that return on investment of preventive measures for climate risk can reach more than 1000x the investment cost for some industries, once considering its benefits on business interruption? Last week our CEO Laurent Olivier Feuilleaubois joined a high profile panel discussion at ITC Vegas with other thought leaders to discuss how climate adaptation plays an integral part of the insurance industry's answer to increasing climate risk. "It's not a zero sum game, it's a win win for everyone". #climaterisk #lossprevention #businessinteruption #insurance Natalia Moudrak Alexandra Wand Tim Crossley Tom Jackson

Did you know customer satisfaction (and retention) in a post-claim scenario significantly increases when carriers enter a prevention dialogue with policyholders during the recovery phase? Learn about climate loss prevention and test our product at ITC Vegas today and tomorrow at Kiosk Y2 under the Lloyd's Lab Hub where you can find our CEO Laurent Olivier Feuilleaubois and our Product Designer Alexandra Wand. Feel most welcome to join our two sessions today and tomorrow as well, where Laurent will showcase what our software "Prevent" can do to support claims and underwriting professionals to incentivise property resilience. Laurent will also discuss tomorrow on a panel discussion about the role of prevention and its ROI in reducing business interruption! #lossprevention #climaterisk #insurtech #itcvegas Sabine VanderLinden Magdalena Ramada Sarasola, PhD Charlotte Halkett Chloe Kaye

Big Partnership News! A win-win for policyholder and insurers! Link to the full Finansavisen article in the comments. 🚀   We are thrilled to announce that Mitigrate has secured a breakthrough multi-year contract with Gjensidige, the largest P&C insurance company in Norway! 🎉   Leveraging AI technology, Mitigrate helps prevent water damage, to save Gjensidige hundreds of millions of euros in flood losses over time. 🌍💧 As Geir Holmgren CEO of Gjensidige says: "We see great potential in this solution. Over time, it can save us billions in damage costs and reduce the need for price increases driven by increasingly extreme weather."   This collaboration is a major step forward in demonstrating how mitigating risks linked to increasingly unpredictable weather patterns and boosting the resilience of properties across the world. The possibilities are immense, and this marks a significant milestone as we are now set to expand beyond Norway’s borders. 🗺   Do you want to be part of this exciting journey? We’re Hiring! 💼 Insurance Sales Executive (Nordics) -> Link in comment Geospatial Data Engineer -> Link in comment #lossprevention #insurtech #insurance #flood Hege Yli Melhus Ask Mia Ebeltoft Christian Gaussen Brita Staal Hamid Omidvar, Ph.D. Aleksander Lund Laurent Olivier Feuilleaubois

We are proud that Mitigrate was selected in the TOP 50 Semi-Finals of the 6th edition of the largest PropTech/ConTech competition in EUROPE for our work on flood disaster prevention with insurers. The PropTech and ConTech StartUp & Scale-up Europe Awards 2024 by the European PropTech Association and FINNOVA FOUNDATION supported and promoted by the European Commission, by the President of the European Parliament, the President of the European Committee of the Regions, the Vice-President of the European Economic and Social Committee and several members from the European Parliament. The growth of this competition has been impressive: from 140 applications in 2019 to 400+ contestants in 2023. The competition enjoys the support of 70 C-level executives in Real Estate and Tech and members of the European Commission,, which guarantees a balanced and truly objective validation of the best and the most promising PropTech and Contech startups in Europe. We are thrilled to participate in this 2 day event in Brussels at Realty Belgium organised by Dirk Paelinck, Chairman European PropTech Association and his team. We look forward to keynote sessions European Committee officials including Stefan Moser, Deputy Director-General of the DG Energy of the European Commission about the EU Commission's Vision for Sustainable Real Estate.   A huge thank you to Grigor Hadjiev from PIMCO Prime Real Estate for supporting this whole competition, aligned with the principles of the NEBA: New European Bauhaus Initiative.   EPRA (European Public Real Estate Association)  RICS Susanne Eickermann-Riepe FRICS Ursula von der Leyen Karin Barthelmes-Wehr Werner Knips Julia Arlt #realestate #eugreendeal #retrofitting #neweuropeanbauhaus #UrbanInnovation #SmartCities 

How much predicted loss can be reduced thanks to prevention? It is what insurers learnt from Aon Property Day Seminar in London last week, where Mitigrate presented the result of a collaboration. 👩🎓 By leveraging the 2007 flood losses and extent, considering new flood defences built since, the analytics team from Aon UK & Ireland led by Joseph Norris could estimate that more than 30% of losses could be avoided from community level prevention and through the Flood Re scheme should a similar event occur today. 📉 Through a collaboration with the Aon team with a case study in the Gloucester area, we estimated how much property flood resilience (PFR) could further reduce losses. Our CEO Laurent Olivier Feuilleaubois demonstrated that targeting 16% of the properties with the highest return on investment would lead to a further 50% loss reduction. 🎯 Our presentation was then followed by flood specialists from JBA, Fathom, Moody's RMS and Flood Re to discuss of the benefit of prevention to insurers through better CAT Models able to factor in prevention for reinsurance renewals. 💰 Thank you to our colleagues working on this project and to our counterparts in Aon Emma Bergin and Paolo Bianchi for making this work possible! 🤝 #lossprevention #insurtech #flood #ukinsurancemarket Tim Crossley Tom Jackson Hege Yli Melhus Ask

Climate loss prevention full loop from value to the policyholder all the way to better quality capacity from the reinsurer, discussed at the Annual Chaucer Group Nordic seminar organised by Chaucer Copenhagen last week. 📢 The panel composed of Ajla Alagic sustainability lead at Gjensidige, Tom Jackson class underwriter at Chaucer Group and Laurent Olivier Feuilleaubois CEO at Mitigrate moderated by Joel M. deputy class underwriter from Chaucer discussed how insurance can support society in new ways by promoting climate loss prevention at every level promoting insurability and affordability of insurance in an era of climate risk. ☔ Loss prevention responds to a fundamental need from the policyholders, who expect from from their policies a financial safety net to realise their projects, should they be personal or professional. By integrating loss prevention, insurers can better their relationship with their customers at the same time as lowering their losses, which in turn will enable them to source better reinsurance capacity. Everybody wins!🌟 Thank you to our customers and supporters to make this panel possible and support a first hand demonstration of how loss prevention can work in practice to the Nordics market. Thank you Chaucer Copenhagen! 🤝 #lossprevention #reinsurance #insurance #flood Johnny Bøgelund Jette Rasmussen

We are excited for the week ahead, where Norway comes together to make the decisions of the year to come. Meet our CEO and take a glance at our coverage in Norway and build resilience today against climate risk.

What an exciting opportunity at Mitigrate! Would you like to leverage your enterprise software sales expertise to contribute to building resilience against climate change? Do you enjoy building and nurturing relationships with large corporations including insurance companies and are based in the Nordics? We are searching for a Sales Executive to join our diverse team remotely within the Nordics or based in Oslo! #enterprisesales #hiring #climate #saas Hege Yli Melhus Ask Tim Crossley Lavanya Indralingam Matze Breil

Tomorrow Laurent Olivier Feuilleaubois (CEO) and Ghazal Moghaddam (Head of Projects) as well as our advisor Mia Ebeltoft will take part in the "I hardt Vær" conference in Oslo focused on climate adaptation and the network effect we need from different actors to make things move in the right direction. We will share some of our learnings and experience working with insurance companies on stage alongside some other great speakers from the industry such as Geir Holmgren CEO at Gjensidige, Andreas Bjelland Eriksen Minister of Climate of Norway, Lars Andresen CEO at NGI - Norwegian Geotechnical Institute and many more! #prevention #climateadaptation #floodrisk #insurtech

Mitigrate as first mover in the loss prevention intelligence industry, is proud to have joined global insurance players such a Munich Re and Allianz at the first investor conference focused on climate adaptation in Munich last week. Our CEO participated in an insightful panel with peers Tobias Engelmeier, Thomas Grübler, investor Ben Murphy and leader insurtech investor Martin Sondenheimer at Munich Re Ventures to discuss how to deal with climate risk in practice through better use of risk and prevention intelligence for insurance and first response. Thank you Ulrich Seitz and Britta Muzyk - Tikovsky for an incredible conference in a beautiful venue. We are already looking forward to see how this community will grow and prosper to build resilience. Lena I. Fuldauer Laurent Olivier Feuilleaubois ADAPT YOUR WORLD powered by CAP #climateadaptation #lossprevention #resilience #investment #insurance