Tech Startup offers AI-driven real estate level risk modeling
Valderrama, which came from a background in infrastructure financing and energy efficiency, said that owners of real estate can easily calculate a payback time on energy investments such as insulation or solar panels, but the economy of disaster resistance has been much less clear.
“What we decided to do was ultimately using AI to make a new model that owners of real estate could not only tell what their risk looked like today, given their properties of real estate, but also how their risk would fall if those real estate characteristics were changed,” she said.
Property per feature, no zip code by Postcode
The biggest innovation of the company lies in leaving traditional insurance practices that often paint entire neighborhoods with a wide brush.
“Here in California there are owners of real estate who do not live near the open space anywhere, and yet they cannot get insurance, because somewhere in their zip code there is some exposure to fire,” said Valderrama.
Instead of trusting broad zip code-based risk cards and subjective human judgment, the algorithm of FutureProof analyzes details such as roof condition and building materials.
“Our AI technology can look at a very specific address and take into account all those characteristic functions and essentially generate the algorithmic insurance technically, a direct binding quote that is specific to that characteristic,” said Valderrama.
The goal is to reward resilient construction and mitigation measures with lower premiums.
“For the properties that are more resilient, or for property owners who have made investments to make their property more resilient, they must be able to take advantage of cheaper real estate insurance,” said Valderrama. “That is something that industry has not really been able to produce at the moment.”
Futureproof was recently recognized as a finalist for the 2025 IVOOR PRICE For the affordability of housing – a price sponsored by Ivory innovationsa non -profit academic research center located on the University of Utah David Eccles School of Business.
Expansion of coverage in abandoned markets
Futureproof was launched in August 2024, starting in Florida and Mississippi with a focus on catastrophe exposed commercial properties.
The company says that its models have helped to endure hurricanes Helene and Milton without losing, so that the approach is confirmed.
Futureproof has also started writing a small number of homes and plans to expand to California, Texas and Alabama. The technology is supported by multiple models, including hurricane, flooding, nature fire and serious storm risk.
“What we hope is to help offer coverage in places where the insurance is very difficult to get or very expensive,” said Valderrama. “It is not that we can go and be able to offer cheap insurance to any owner of a property, but if there is a home that in fact lowers its risk, our technology is designed to praise that risk in particular.”
Build an internal insurer
For the time being, FutureProof works as a managing general agent (MGA), essentially an outsourced insurance partner for carriers.
The company also runs an insurance agency appointed by more than 27 large carriers, including Chubb” Liberty Mutual And ProgressiveSaid Valderrama.
“In that case we do not repeat the insurance policies sold by other carriers, but instead we do that policy through our system and say:” Hey, do we think this policy will be profitable? “” She said.
But the company’s long -term vision is to get up its own carrier.
Valderrama says it is a courier to let FutureProof to guarantee savings directly connected to resilience -upgrades.
“If you can make these changes to make your property more resilient, if you are resilient today, Futureproof can probably offer you a cheap quotation,” she said. “That is the loop that we want to close.”
