Climate risk is financial risk, and it is accelerating at an alarming rate. It is also a systematic and unpriced risk within our global financial system. Floods, droughts, typhoons, and storm surges result in billions of dollars of losses every year and these losses are set to increase three times over the next 10 years. To add to this threat, the climate system is highly interconnected and complex. This makes it challenging to map climate risks to physical assets and critical infrastructure. Effective climate risk mitigation measures are therefore lacking, leaving most assets vulnerable to climate change. Intensel’s mission is to build a more resilient global economy with climate solutions that support real-time, accurate decision making.
Overview of start-up
What makes the start-up innovative
Using AI, supercomputers, big data, and in-house PhD climate scientists and financial experts, Intensel has developed a scalable fintech solution to help clients (banks, real estate owners, insurance companies, and asset managers) understand the financial impacts of climate change now and under future climate scenarios. This results in more resilient portfolios and insight ahead of imminent climate regulations.
How the start-up has been designed to scale up quickly
Intensel is designed to scale through its B2B Software-as-a-Service (SaaS) subscription model that is supplemented with high value advisory services. Its scalability is achieved through a suite of tools to help organisations identify their vulnerability to climate change, enabling them to build mitigation and adaptation plans. The first tool (‘BlueSwan’) focuses on Physical Risks under different time horizons and scenarios. The ‘BlackSwan’ and ‘WhiteSwan’ tools are for industry-specific and deep dive analytics within development.