ClimateCharted offers banks and insurers a web‑based platform that assesses climate vulnerability of properties during the quote phase of mortgage or home‑insurance applications.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions lack timely, property‑level climate risk data during the underwriting stage, making it difficult to price mortgages and home‑insurance policies accurately and to comply with emerging EU taxonomy and supervisory risk‑management requirements.
Solution
ClimateCharted delivers a web‑based platform that integrates near‑real‑time climate intelligence into the quote phase of mortgage and home‑insurance applications. By inputting minimal property information, the system generates an accessible report that quantifies expected annual damage from natural hazards over a 30‑year horizon. The report also proposes customized risk‑reduction measures and connects users with vetted adaptation partners capable of implementing those measures. This enables banks and insurers to design resilience‑focused products, maintain competitiveness in climate‑vulnerable markets, and meet regulatory compliance obligations.
Target Audience
Primary customers are banks and insurance companies that underwrite residential mortgages and home‑insurance policies and need to incorporate climate risk assessments into their product offerings.
Features
- Near‑real‑time assessment of property climate vulnerability using up‑to‑date hazard data
- Projection of expected annual damage over a 30‑year horizon presented in a clear, client‑friendly report
- Tailored risk‑reduction recommendations linked to an ecosystem of manufacturers, contractors, and disaster‑restoration providers
- Integration into the underwriting workflow during the quote phase for mortgages and home‑insurance policies
- Support for creating climate‑resilient lending and insurance products aligned with EU Taxonomy and supervisory guidelines