The investment, a significant seven-figure sum, will be allocated to expanding BirdsEyeView's presence in the UK and US markets and to further enhance its RAPTOR technology. RAPTOR is designed to revolutionise the insurance sector by providing easy access to NatCat modelling, exposure management, and underwriting automation.

The insurance industry is currently facing challenges due to climate change, with annual losses often surpassing $100 billion. Traditional insurance methods are struggling to cope with the increasing losses caused by extreme weather events driven by climate change.

BirdsEyeView is addressing these challenges with its RAPTOR technology. This innovation automates traditional manual underwriting processes and provides accessible and powerful Nat Cat analytics and models at the quotation stage. This enhancement leads to more precise and efficient risk selection, significantly improving risk management.

Since the launch of the product in 2022, BirdsEyeView has experienced rapid growth, establishing strategic partnerships with major global insurers and brokers, including Liberty Specialty, Arch, Convex, Ark, Everest Re, Fidelis, and many others.

James Rendell, CEO and Founder of BirdsEyeView, remarked, "This capital injection will be used to fuel growth in the London and US Property and Casualty markets, and to accelerate the development of our Exposure Management and natural catastrophe modelling capabilities. This progress will be critical for improving the speed and quality of underwriters' risk selection and exposure management — critical considering the increasing frequency and severity of global climate change-induced natural disasters.”

Dr Albert Dow, CTO of BirdsEyeView, shared insights on the development of RAPTOR: "When developing RAPTOR, we took a thoughtful approach, reimagining an underwriter's workflow. We asked ourselves how technology and data could enhance and streamline the underwriting process. RAPTOR was born from this vision. By integrating these tools into an end-to-end software solution, we empower underwriters to focus on applying their expertise in risk assessment."

Tim Mills, Managing Partner at ACF Investors, expressed enthusiasm for the partnership: "We're delighted to be a part of BirdsEyeView's remarkable journey towards reshaping the sophistication and efficiency of the insurance industry. James and the team are delivering solutions that bring big benefits to insurers and their clients alike and overall add to the resilience of the market. BirdsEyeView's RAPTOR technology in particular offers a vital tool in addressing the growing challenges posed by climate-induced risks."