Wildfires are increasing in frequency and severity each year
Facing Imminent
Challenges:
At FireX.ai we develop novel monitoring
and analysis frameworks for
wildfire risk assessment
“Until modelling becomes more sophisticated, and the risk is better understood, wildfire risk in Europe will be difficult to adequately price.”
Chauser Group, London - 2022
As climate change intensifies, the rising frequency and severity of wildfires pose amplified risks for insurance companies, resulting in significant property losses and increased claim settlements.
FireX.ai aims to provide a numerical based approach to quantify wildfire risk. We are currently developing a user-friendly software package tailored to insurance companies.
Inaccurate quoting of insurance against wildfires exposes insurance companies to greater risks.
