Maximum Information secures £2.3m in seed funding from Insurtech Gateway to scale catastrophe modelling middleware.
The seed round was led by Insurtech Gateway to advance the company cat modelling middleware platform.
Maximum Information builds advanced catastrophe modelling analytics solutions and middleware designed to help financial institutions and re insurers manage climate risks. The London based firm provides vendor agnostic infrastructure to improve disaster risk management.
Maximum Information has secured £2.3m in seed funding to accelerate the development of its catastrophe modelling middleware, MagniPhi. The investment round was led by Insurtech Gateway, with additional participation from Liberty Mutual Strategic Ventures, Convex and Portfolio Ventures.
The capital will support the company as it builds out analytics tools intended to help risk carriers navigate complex peril patterns and address the global protection gap. The raise comes amid growing economic losses from natural catastrophes and increasing demand for agnostic translation layers in disaster risk management.
From the founder
"As the modelling landscape expands the industry needs reliable infrastructure, not more noise."
Tom Philp
Chief Executive Officer at Maximum Information
Investor perspective
"Maximum Information solves a critical problem at the centre of emerging cat modelling trends. (Re)insurers and brokers are facing increasing pressure to better understand risk, and vendors are continuously updating / building new models across global peril-regions. Insurtech Gateway is delighted to partner with Tom and his exceptionally equipped team in building a vendor-agnostic platform of B2B SaaS tools that help risk carriers understand, quantify, and manage catastrophe and climate-related risks."
Dom Nolan
Investment Manager, Insurtech Gateway
Use of funds
- 01Continue product development
Investors
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About the company
Maximum Information
Maximum Information builds vendor agnostic middleware for catastrophe risk analytics.