IAG Firemark Ventures, the corporate venture capital arm of general insurer IAG, has invested in 7Analytics, a flood data platform.
Based in Bergen, Norway, with a U.S. headquarters in Boston, MA, 7Analytics uses advanced geoscience and machine learning to develop predictive models for floods and landslides, helping residential and commercial property insurers assess flood risk at the individual asset level.
Jonas Aas Torland, Co-founder and Chief Operating Officer of 7Analytics, said, “In…
