Climative has launched a new data platform aimed at helping insurers translate climate risk assessments into practical actions for homeowners, as the industry faces rising losses from extreme weather.

The platform, announced last week, is designed to provide insurers with insights into risks such as wildfire and flooding for specific properties. It also offers step-by-step guidance that homeowners can use to reduce those risks. The Fredericton-based company said the tool is intended to move insurers beyond traditional risk scoring by offering clear, tailored recommendations for improving resilience, energy efficiency, and household costs.

Insurers across North America are dealing with increasing financial pressure from climate-related events. According to the National Oceanic and Atmospheric Administration, natural disasters caused about $140 billion in insured losses globally in 2024. In the United States alone, 27 major events each exceeded $1 billion in damages, totaling $182.7 billion.

“Our goal is to give insurers a way to reduce risk while building trust with policyholders,” said Climative CEO Winston Morton in a statement. “We help carriers move beyond identifying climate risk to actually fixing it, while giving homeowners clear steps to protect their homes.”

Climative’s platform combines address-level risk data with adaptation plans specific to individual properties. These plans outline potential upgrades – such as improvements to building materials or energy systems – that could reduce exposure to climate hazards while lowering energy costs.

The system also includes portfolio analytics to help insurers identify concentrations of risk across their customer base. In addition, it offers co-branded digital portals that allow insurers to communicate directly with policyholders and present personalized recommendations.

Unlike some existing tools that focus primarily on modelling risk, the platform emphasises practical application. It uses what the company describes as transparent modelling to show how risks are calculated and how specific changes could alter outcomes. Insurers can also integrate their own data into the system.

The product is built around three main components: tailored adaptation plans for each property, tools to support homeowner engagement, and data models designed to be understandable to non-specialists.

Originally developed for use by banks, utilities, and public-sector programmes, Climative’s technology has already been deployed in Canada and the northeastern United States. The new platform adapts those capabilities for the insurance sector.

The company said the platform is now available to insurers in Canada and is being rolled out in phases across the United States, as regulatory scrutiny of climate risk continues to increase.