Climate change affects all regions around the world, and the number of risks generated by changing weather conditions and disasters are increasing. Knowledge about potential risks is essential for their reduction, transfer, and adaptation. 

Climatig is a Croatian climate fintech start-up that helps banks, insurers, facility managers, and real estate decision-makers mitigate climate risks such as drought, floods, extremely high temperatures, and more through the power of climate intelligence. 

Duško Radulovic, Climatig’s CEO, spoke with Andrew Wrobel about his company’s solution to the challenges in obtaining reliable climate intelligence using geolocation with a precision of 10 metres. One UK-based investor considered flooding to be the main issue but after obtaining the coordinates it turned out wind might be a bigger risk. 

They also discussed access to the solution. Currently, it is addressed at business clients but will soon be available for individuals who will be able to understand risks, for example, before investing in a new home.