Claims Carbon provides a platform that integrates insurance and claims data with trusted emissions datasets to identify carbon hotspots and simulate reduction targets for insurers. This enables the insurance industry to implement carbon-conscious underwriting and claims settlement, facilitating a transition to net-zero insurance solutions.
Funding
$1.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
VFounders
Product
Problem
The insurance industry lacks comprehensive tools to accurately measure and manage carbon emissions associated with underwriting and claims settlement, hindering their ability to implement carbon-conscious practices and meet net-zero targets. Insurers struggle to identify carbon hotspots within their portfolios and lack the data-driven insights needed to simulate the impact of climate actions.
Solution
Claims Carbon offers a SaaS platform that integrates insurance and claims data with trusted emissions datasets, enabling insurers to identify and analyze carbon hotspots within their insurance exposure. The platform allows insurers to simulate the impact of climate actions and set reduction targets on specific claims types, facilitating carbon-aware handling and settlement of insurance claims. By providing granular carbon data and analytics, Claims Carbon empowers insurers to deliver net-zero insurance solutions through informed pricing, product enhancements, and risk selection. The model aligns with reputable standards and frameworks, seamlessly integrating reports with financial reporting.
Target Audience
The primary target audience includes insurance companies seeking to decarbonize their underwriting and claims settlement processes and transition to net-zero insurance solutions.
Features
- Integration of insurance and claims data with trusted emissions datasets.
- Identification and analysis of carbon hotspots within insurance portfolios.
- Simulation of climate action impacts and setting of reduction targets on claims types.
- Carbon-aware handling and settlement of insurance claims.
- Seamless integration of reports with financial reporting.