Risklytics builds world models for disaster risk prediction. The company prices disaster risk per house or parcel rather than by ZIP code, using slope, fuel load, surge depth, soil, and construction factors. It is pre-launch and says it is backed by Combinator.
Risklytics offers a service focused on disaster risk prediction, specifically tailored to individual properties rather than broader geographic areas like ZIP codes. Their main product features include:
Property Simulation: Users can input any address, and the platform creates a digital twin of the property using data from building footprints, lidar, and public records.
Disaster Risk Assessment: The service conducts simulations for various disasters, including wildfires, floods, storms, earthquakes, and debris flows. It provides a risk score and estimates the modeled annual loss for each type of peril.
Retrofit Recommendations: Users can apply retrofits to their properties, which can help lower their risk scores and modeled losses, thus enhancing risk management.
The platform emphasizes personalized risk assessment, stating, "We simulate the disaster on your house," which highlights its focus on individual property risk rather than generalized assessments.