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Description
Geospiza PATH™ is a user-friendly platform designed for climate risk assessment, empowering risk managers, sustainability teams, operations departments, and asset managers to effectively measure and mitigate risks associated with climate and natural hazards. This tool provides a visual representation of asset vulnerabilities to various threats such as floods, extreme heat, droughts, hurricanes, cyclones, and wildfires, while also assessing the potential costs and benefits of various risk management strategies. By integrating real-time climate change data, Geospiza facilitates a swift transition from uncertain risks to actionable solutions. Users can implement climate change analytics and disaster modeling across different domains, including infrastructure, personnel, investments, and strategically important regions, all displayed on an interactive map. Engaging with advanced climate risk models allows businesses to gain a comprehensive understanding of the environmental threats they face. After thoroughly assessing these risks, organizations can devise a robust strategy aimed at risk mitigation, resilience enhancement, and adaptation to the impacts of climate change, ensuring a proactive approach to future challenges. This comprehensive framework not only supports immediate decision-making but also fosters long-term sustainable practices.
Description
In recent decades, extreme wildfire conditions have surged by 50% as a result of climate change, leading to a staggering $31 billion in property damages. Consequently, many insurance firms have chosen to withdraw coverage from homes and businesses in California, significantly impacting their profitability. Terrafuse's innovative wildfire AI risk scores assess the true likelihood of property combustion a year in advance. Our wildfire risk solution empowers insurance providers to underwrite a broader range of businesses while limiting non-renewals to properties deemed to have the highest risk of burning, and it allows them to price premiums according to actual risk levels. We enhance our models by analyzing over 50 interconnected environmental factors, such as building density, dead fuel moisture, and vegetation types, to evaluate loss severity over time. Additionally, we incorporate atmospheric physics into our models through sophisticated machine learning methodologies, ensuring a comprehensive understanding of wildfire risks. This approach not only aids in better risk assessment but also fosters a more resilient insurance market in the face of escalating wildfire threats.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Geospiza
Founded
2017
Country
United States
Website
geospiza.us/solutions/
Vendor Details
Company Name
Terrafuse AI
Founded
2018
Country
United States
Website
www.terrafuse-ai.com
Product Features
EHS Management
Audit Management
Corrective / Preventive Actions
Environmental Management
Environmental Risk Assessment
Forms Management
Incident Management
Industrial Safety Management
Injury Reporting
Inspection Management
MSDS
OSHA Recordkeeping
Occupational Health Management
Safety Risk Assessment
Training Management
Waste Management
Product Features
Risk Management
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment