According to the International Monetary Fund, since 1980 recorded climate disasters have increased by more than 70%, with floods and landslides increasing by 78% and 82% respectively. In 2022, climate events caused more than $313 billion in global economic losses and numerous fatalities, with the frequency increasing by more than 1,100% in the past 70 years due to climate change and urbanization. Effectively assessing exposure to natural disasters is becoming increasingly crucial for both businesses and government agencies, and the challenge is intensifying as variation in climate patterns, exacerbated by urbanization, makes historical data even less meaningful and reliable. Indeed, traditional approaches based on observing historical data alone have become obsolete and increasingly less informative as events intensify, and previously unaffected areas are now prone to natural disasters, while historically exposed regions become less so due to human interventions.
The solution developed by Eoliann integrates satellite observation from the European Space Agency (ESA) and NASA with artificial intelligence, making it possible to analyze the changing morphological, topological and geographic conditions of the entire European continent, quickly. The software solution, usable either via API or as SaaS on a platform, thanks to a simple input (address or geographic coordinate), is able to return for each asset and for each risk analyzed (currently, floods, droughts and fires), probability, intensity and impact of the event, with a resolution of 30m, uniform over the entire European continent. The assessment can be done for the next 12 months and up to 2050 through the use of climate scenarios.
The sectors that Eoliann intends to attack in the long run are many, from agricultural production to public agencies, from financial investments to tourism. Currently, the startup's focus is on Insurance, Banking, and Infrastructure, with a focus on the Energy and Transportation segments, the most susceptible to climate risk.