Artificial Intelligence | Machine Learning | Natural Language Processing FutureProof | Building Climate-Smart Insurance Solutions


Enterprise, AI, Hurricane, flood, Climate Risk, Economics, Insurance San Diego, California, United States

FutureProof

Artificial Intelligence | Machine Learning | Natural Language Processing


FutureProof | Building Climate-Smart Insurance Solutions

FutureProof

AI, Hurricane, flood, Climate Risk, Economics, Insurance


San Diego, California, United States

FutureProof is a fast-moving, venture-backed insurtech startup on a mission to create the climate-smart insurer of the future. We're a small team with a big vision. When we started FutureProof, we were motivated by the fact that the climate price signal is broken: the true cost of climate risk is not currently reflected in the financial system. This leads to mispricing and systemic risk, as well as to a lack of financial incentives for investment in adaptation and resilience. We believe that aligning incentives through insurance pricing will be crucial to the solution. Insurers need new technology to manage climate- and weather-related financial risks. We are building these solutions. We are deploying novel analytics and digital underwriting to build transformative new insurance products that help the world become more resilient to climate change.

The frequency and severity of climate disasters are increasing due to climate change. Insurers and the broader financial sector rely on coarse and legacy technology to manage climate-related financial risk. Weak price signals on climate lead to large losses and systemic risk. Our loss projections yield unprecedented accuracy and asset-specific granularity. We help create price signals that align incentives for climate adaptation. 

 

B2B

1 to 25

N/A

N/A

Scaling Up

2019

 
 

Insurance

N/A

Increase Productivity
Increase Efficiency

 
 

Analytics
Service

Yes

Active

 
 

   Machine Learning
   Natural Language Processing
   Automated Planning and Search


Insurance Solution

Insurance Solution

Climate Automation

Climate Automation


Text

Text

Structured

Structured

 

   Software


N/A


Machine Learning Algorithm

Machine Learning Algorithm

Deep Learning Algorithm

Deep Learning Algorithm

 
 

2

1

$6.5M

Company was founded 2019 and it took almost 3 years (May 2022) to raise first external round

 
 

Date

Round

$ Raised

Investors

05/06/2022

Funded

$6.5M

Innovation Endeavors, MS&AD Ventures

Date : 05/06/2022

Round: Funded

$ Raised: $6.5M

Investors: Innovation Endeavors, MS&AD Ventures

 

Investors

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Alisa Valderrama

Alisa Valderrama
Co-founder and CEO

Alexander Gelber

Alexander Gelber
Co-Founder

Fielding Norton

Fielding Norton
Co-Founder & Chief Insurance Officer

Mark Allen

Mark Allen
Co-Founder, CTO

 
 

Potential Customers

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