What we do?
Earling Ltd. is the seismic risk detection market leader, the International Disaster Management Award Winner, and a member of the International Association of Science Parks & Areas of Innovation. We assist a wide range of industries and individuals in manage their risk through transferring their earthquake risks to well-known risk takers, particularly in the insurance industry.
Earling is focused on financial seismic risks and has developed many NatCat models to detect high-risk seismic time-windows in 260 regions in 40 high-risk countries.
The 4th industrial revolution has provided new opportunities and technology that were not available just a few years ago. With the ability to analyze billions of data records from around the world, Earling can detect short-term seismic risks, demonstrating earthquake predictability for many regions through verifiable data and reports. As a result, clients can mitigate and transfer short-term seismic risks as high-risk seismic time-windows are detected, from hours to days in advance.
How it get started?
Since the last 20 years, more than 1.2 million people have died in different earthquakes around the world. This was too high for our society and was a motivation for us to focus our endeavors on decreasing its pain and casualties. Our main research and development efforts started in 2013. Since then, we have developed many AI-based algorithms at Earling to detect high-risk seismic time-windows. Most of them were accurate enough to be used in earthquake preparedness alerts, especially in financial seismic risk management. We have done our best to find the best possible form to achieve better results in issuing earthquake preparedness alerts before unusual earthquakes occur in more than 30 countries.
Earling leverages sensors embedded in smartphones and IoT devices, such as accelerometers, magnetometers, scientific instruments, Synthetic Aperture Radar (SAR), and Interferometric SAR (InSAR) sensors to establish a seismic risk level monitoring network. Earling believes in the fourth industrial revolution, which signifies that it is now humanity's turn to program earthquakes.
How much is the whole risk?
According to UNDRR, the annual earthquake risk in high-risk countries is estimated to be around $100 billion.
What is the usability of the solution in my company?
As a risk taker
Primary insurance companies: As a decision-maker, managing risks is the highest priority. Pricing and refusing to accept new high-risk customers during high-risk time-windows are essential reactions you can take in an insurance company before demands skyrocket. The Earling data-driven solution prioritizes insurance companies, offering our clients an exceptional opportunity to manage their risks.
Reinsurance companies: Your company requires different approaches to prevent earthquake risks from turning your clients, primary insurance companies, into problems. We assist you in defining specific approaches to manage impending mega risks in short-term earthquake time-windows that may affect all of your insurance products and services.
As a risk owner
Are you a homeowner or an oil industry stakeholder? When a high-risk seismic time-window is detected, transferring financial risks to risk-takers is one of the best options. Similar to severe weather conditions data, our data-driven solution offers you the opportunity to make informed decisions. Transfer earthquake financial risks for risk owners.
Is it earthquake forecasting?
Earling short-term seismic risk detection solutions represent a new level of risk assessment and are not earthquake forecasting in the traditional sense. The process involves identifying patterns that previously preceded unusual earthquakes and providing clients with the relevant data for informed decision-making. The creation of Earling took seven years, including the development of new instruments, data gathering, algorithm creation, results monitoring, model testing, and the selection of a suitable business model.
What kinds of data are available?
- FirstNotice Dashboard
- FirstNotice API
- FirstNotice Awareness
- SecondNotice Alert
- CAT Bond Consultation
71-75 Shelton Street, Covent Garden
London, WC2H 9JQ