Forbes – 7Analytics Raises €4m To Help Insurers Manage Flood Risk

Extreme weather driven by climate change is causing headaches for insurers as pay-outs continue to rise. Norway-headquartered flood intelligence company 7Analytics has raised €4 million, in a seed round led by Scale Capital, to scale its AI-led high precision flood and landslide prediction models, in the hopes of enabling provision of insurance cover in high risk areas.