Mate S.r.l. is the first Italian spin-off on Physical Climate Risk that has developed models for estimating physical risk from extreme weather and climate events such as floods, droughts, hail and heat waves in current and future climate change scenarios. The models estimate economic damage due to extreme events, reducing exposure to credit risk through accurate risk estimation using state-of-the-art data and models that speed up damage assessment processes and provide easy access to information for strategic development.

Mate proposes risk transfer systems tailored to individual needs and offers comprehensive solutions that integrate climate risk assessment into business development strategies to reduce damage and increase profits. The company provides risk assessments for (re)insurance services and financial institutions, extracting data from global climate models and combining it with local datasets, utilizing probabilistic algorithms and engineering-based methods to evaluate asset exposure and vulnerability.