Green Shield Risk Solutions provides specialized insurance coverage for high-risk properties, particularly those facing perils like wildfire exposure. The company utilizes proprietary risk analytics and expert underwriting to offer tailored, comprehensive protection where traditional carriers often decline coverage. They empower agents and homeowners by ensuring access to reliable insurability solutions in challenging markets.
Funding
$12.6M 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.
Founders
Product
Problem
In catastrophe-prone areas, property owners and insurers face increasing challenges in accurately assessing and managing risks associated with climate-related events like wildfires and hurricanes. Traditional risk models often lack the granularity and real-time insights needed to make informed underwriting and mitigation decisions, leading to coverage gaps and potential financial instability.
Solution
Green Shield Risk Solutions provides a risk management platform that combines advanced catastrophe modeling with proactive mitigation strategies, enabling property owners and brokers to better manage exposure to climate-related risks. The platform, anchored by its proprietary Property Guardian analytics tool, leverages ultra-high-resolution imagery, stochastic models, and propagation models to deliver in-depth insights at the individual property level. By integrating risk assessment with actionable mitigation strategies, Green Shield aims to improve underwriting outcomes, lower reinsurance costs, and enhance community resilience, ultimately making insurance more accessible in high-risk areas. The company's approach focuses on improving the insurability of properties through proactive measures and transparent risk communication.
Target Audience
Green Shield Risk Solutions primarily serves insurance professionals, including retail brokers and underwriters, as well as property owners in catastrophe-prone regions seeking to mitigate risk and secure comprehensive coverage.
Features
- Property Guardian analytics platform combining ultra-high-resolution imagery, stochastic models, and propagation models
- Risk assessment incorporating structural details, defensible space, fuel types, risk ratings, community fire protection, and weather factors
- Actionable mitigation strategies to improve property's risk profile against wildfires and hurricanes
- Underwriting insights derived from Property Guardian risk reports for better risk selection
- Wholesale solutions for placing complex risks, including those with wildfire exposure
- Specialized insurance products including Builder’s Risk, Flood, Real Estate Investor Portfolios, Fine Art, Earthquake, and Cannabis coverage
- Risk mitigation expertise from former firefighters and risk management specialists