Our mission: Tosavelives and livelihoods with real-time flood predictions
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Our mission: Tosave lives and livelihoods
with real-time flood predictions
Published May 2020
Disruption of emergency response to
vulnerable populations during floods
> Click to read research publication online
Published May 2020
Climate change: Future floods will
delay emergency response
> Click to read BBC news online
> Click to play Video1
Featuring interviews with the Loughborough
University researchers and inventors who first
piloted the technology in Leicester City, with
Leicester, Leicestershire and Rutland Prepared
Resilience Forum
> Click to play Video2 > Click to play Video3
Silent footage 11/2019 Sheffieldflood Silent footage 6/2019 Leicesterflood
Rising Cost of Flooding
$1tn
£1.3bn $90bn
Cost of 15/16 UK Global annual and projected cost of flooding
floods to insurers from 2015 to 2050
Source: ABI, 2016 Source: WRI, 2015
But it doesn’t need to be
400:1
ROI of EU Early Warning system
for river flooding
Source: EU, 2015
Existing Flood Forecasting Solutions
Rivers and the sea Surface water
2.4m UK properties at risk 3m UK properties at risk
Contain too many false alarms Not detailed enough
Source: EA, 2015
Our Solution:
Hyperlocal surface water flood forecasting:
• Property level predictions with high accuracies enable
effective decision making
Real-time insight:
Continuous modelling means our predictions are
always up-to-date
Decision support:
• Real-time alerts, accessibility maps and
infographics support operations teams
Globally scalable solution:
• Model has been tested in 50 cities and can be applied
anywhere in the globe.
: How it Works
Model
calibration
Model set-up Inspect System goes
performance live
Flood event
The Team
Jonathan Jackson Dr Dapeng Yu Dr Avinoam Baruch
CEO (PT) Co-founder and CSO Co-founder and COO
(PT)
Dr Prof.
Dr Mark
William Rob
Head of Bennett Strategy Weather and
Johnson Wilby
Technical Support Climate
Systems (NED) Advisor
The story so far
2001 Dec, 2018 Feb, 2019
Alpha testing of model Secured funding First commercial orders
£270k angel investment
July, 2019
Global Lloyds Lab selection,
System goes live with £300k for
Cabinet Office £700k Innovate UK
R&D
Nov, 2018 Growth loan
Jan, 2019
Feb, June 2020Risk Industry Landscape Full risk management Catastrophe Risk Management Consultancies Flood Modellers
Route to Market: Government/Smart Cities
$215bn
Global economic loss of weather related
disasters (AON, 2017)Route to Market: Insurance
2015/16 Storms
£194m loss £93m loss
Previsico would Previsico would save
save £12m £6mGlobal Emergency Management Market – $90bn
Utilities Property Hedge funds
Transport Humanitarian Supply chainProducts & Services • Software as a service: • Annual subscriptions • Products • Data feed • Visualisation tool • Alerts • Analytics • Other services: • Workshops • Bespoke projects.
Key Relationships:
IP Protection
• The software
• Previsico Limited is a Loughborough University Spin Out
with exclusive license for FloodMap and FloodMap Live
• Source code is a novel trade secret
• Model improvement
• Model is continuously improving with every flood
• Sourcing Big Data for calibration
• Developing machine learning capability.Financial Forecast
Pricing & Margins: 1st year Profit and Loss 2019 - 2023
Multi-city City
(£,000) (£,000) £30 Sales
Gross Profit
Service fee* 150 20 £20
Alerts 160 8 Profit before tax
Million
£10
Total 310 28
Cost of Sale 74 7 £0
2019 2020 2021 2022 2023
Gross Margin 240 20 -£10
* 1st year partner commission 20%, subsequent years 7.5%Five Year Plan 90% accuracy Big data for smart cities Global scope Sales to 10 global insurers
Beyond five years
Multi-hazards Consumer product
On demand, anywhere Offer parametric insuranceYou can also read
