New catastrophe risk modeller Reask has begun operations.

The company, which considers itself an insurtech, is based in Australia and the UK.

“One question we have been (re)asking is how we can maximise use of global climate data to better quantify natural catastrophe risk, and we found our answers from recent advances in the field of machine learning and image recognition,” co-founder Thomas Loridan said.

Dr Loridan was lead data scientist with Risk Frontiers for three years until March, when he left to set up Reask.