AXA Climate

What AXA Climate does

AXA Climate is a Paris-based subsidiary of AXA Group that operates at the intersection of parametric insurance, climate risk consulting, and geospatial analytics. The company was founded in 2019 (with predecessor activities traceable to 2014) and has grown to more than 250 employees, serving corporate enterprises, multilateral and bilateral institutions, governments, and smallholder farmer cooperatives across both developed and emerging markets. Its mission centers on enabling climate adaptation and resilience through financial and data-driven products.

The company's core technology stack includes the Altitude SaaS platform, which has been extended into vertical-specific modules such as Altitude Agriculture; the Cocoon proprietary climate data platform; and parametric insurance product infrastructure. AI/ML capabilities are delivered through integration with FathomDEM (high-resolution digital elevation and flood modeling), satellite imagery pipelines, and predictive analytics for climate-related risk assessment. Training was historically delivered through the Climate School program, which has been transferred to Apave as part of a refocusing on insurance, consulting, and SaaS.

AXA Climate generates revenue through a diversified model combining parametric insurance premiums, climate risk consulting fees, Altitude SaaS subscriptions, and program-management revenue tied to institutional donor partnerships (including the World Bank Group, UNDP, BMZ, and the French Development Fund). Geographic expansion has been concentrated in emerging markets — notably Nigeria, Ecuador, Senegal, Indonesia, Mexico, and Cameroon — often delivered in partnership with development institutions to bring climate insurance and risk analytics to underserved agricultural and infrastructure exposures.

Name

AXA Climate

Legal name

AXA Climate SASU

Website

https://climate.axa

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

AXA Climate is a Paris-based AXA Group subsidiary providing parametric climate insurance, risk consulting, and the Altitude SaaS platform to corporations, multilateral institutions, governments, and smallholder farmers across developed and emerging markets.

Ownership category

akta.pro rank

Product category

Climate Risk Insurance & Advisory

NAICS

Environmental Consulting Services (54162)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370), Services-Commercial Physical & Biological Research (8731)

akta.pro primary industry

Adaptation & Resilience Planning Platforms (CAPEX Prioritization, Cost–Benefit, NBS) (EUABALAH)

akta.pro secondary industries

Climate Hazard & Catastrophe Modeling (Flood, Wind, Wildfire, Heat, Sea-Level Rise) (EUABALAA), Climate Risk Reporting & Disclosure Analytics (TCFD/ISSB, EU Taxonomy, CSRD, NAIC) (EUABALAG), Climate Target-Setting, Transition Planning & Performance Management Platforms (EUABAEAF), Transition Risk Modeling & Policy/Market Pathways (Carbon Price, Regulation, Technology Adoption) (EUABALAD)

Keywords

• Parametric insurance products
• Climate risk analytics
• Climate adaptation consulting
• Sustainability training platform
• Environmental risk software

Headquarters

HQ city

Paris

HQ country

France

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Parametric Insurance Products: Fast financial recovery after natural or climate-related disasters including tropical cyclones, floods, and droughts. Revenue from insurance premiums with automatic payouts when predefined triggers are exceeded. Specific expertise in agriculture sector.
2. Climate Risk Consulting: Assessment of climate, biodiversity, carbon risks with adaptation measure recommendations for corporates and financial institutions.
3. SaaS Software Solutions: Decision-support software platforms (Altitude, Altitude Agriculture) providing climate risk management tools for finance and agriculture sectors.
4. Training Services: Digital climate training content enabling companies to upskill employees on environmental and sustainability issues across 8 professions in 8 languages. Delivered via AXA Climate School platform.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

AXA Climate delivers climate adaptation solutions through four integrated service lines: (1) parametric insurance products that trigger automatic payouts when predefined weather/climate indicators (rainfall, temperature, cyclone intensity, drought) are exceeded; (2) climate, biodiversity, and carbon risk consulting with adaptation measure recommendations; (3) the Altitude SaaS platform (with Altitude Agriculture module) providing climate, biodiversity, and carbon risk decision-support data for investors and corporates; and (4) the Climate School online training platform (transferred to Apave in 2024–2025). These offerings are supported by a proprietary Cocoon data platform ingesting satellite and geospatial data for parametric trigger verification.

Product overview

AXA Climate offers a multi-product portfolio centered on climate adaptation through four core service lines: (1) Insurance — parametric insurance products with automatic payouts triggered by predefined weather/climate parameters (rainfall, temperature, drought) for rapid recovery from disasters; (2) Consulting — climate, biodiversity, and carbon risk assessment with adaptation measure recommendations; (3) SaaS — led by the Altitude platform (with Altitude Agriculture module) providing decision-support for climate risk management, plus the Climate Studio for climate action content; and (4) Training — Climate School (now transferred to Apave) offering 40+ hours of digital content across 8 languages. The offerings are supported by an internal data infrastructure (Cocoon) that processes geo-spatial and climate data from multiple sources including satellites, weather stations, and public providers (ERA5, CHIRPS).

Differentiator

Problem solved

Functional benefit

Brands

• Altitude: Climate risk platform for investors and corporates providing decision-support for climate, biodiversity, and carbon adaptation strategies
• Altitude Agriculture
• Climate School
• Climate Studio

Products and services

• Altitude Platform AXA Climate's flagship SaaS climate risk management platform providing investors and corporates with decision-support tools to access scientific and financial data, enabling independent implementation of adaptation strategies for climate, biodiversity, and carbon. Clients can access data in under 5 minutes.
• Altitude Agriculture Specialized module measuring the impact of climate change on crop production for the agricultural sector, supporting agricultural risk management decisions.
• Parametric Insurance Products Automatic indemnity payouts triggered when predefined weather/climate indicators (rain, temperature, drought thresholds) are exceeded, providing rapid financial recovery after natural or climate-related disasters. Includes specialised coverage for agriculture, cities, coral reefs, and mangroves.
• Climate Risk Consulting Services Climate, biodiversity, and carbon risk assessment services with adaptation measure recommendations for corporates and financial institutions.
• Climate School (AXA Climate School) Online learning platform providing 40+ hours of digital content in 8 languages covering environmental issues, helping employees adapt skills and guide companies through the sustainable transition across 8 professions. (Transferred to Apave in 2024–2025.)
• Climate Studio Creative studio dedicated to climate action, supporting organisations in climate communication and engagement initiatives through content series and ad campaigns.
• Parametric Hail Insurance Parametric hail insurance product providing automatic payouts when predefined hail-related weather thresholds are exceeded, targeting corporates and other affected entities.
• Mexico Mangrove Forests Insurance Policy First-of-its-kind parametric insurance policy designed to protect mangrove forest ecosystems in Mexico, jointly created with AXA Seguros Mexico and ClimateSeed to combine blue finance and parametric insurance.

Quantifiable outcome

• Returns of up to $8.60 per dollar invested in climate adaptation measures for infrastructure assets
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

18 partnerships are on record, tiered flagship, core, minor and major.

• World Bank GroupflagshipStrategic or Co-development Partner · 20 June 2026Co-publishing research on climate adaptation investments with AXA Climate and Scientific Climate Ratings. Report finds that spending less than 10% of infrastructure asset value on targeted climate adaptation measures can protect assets worth several times that amount.
• Scientific Climate RatingscoreStrategic or Co-development PartnerCo-publishing climate adaptation investment research with World Bank Group and AXA Climate, providing scientific climate rating expertise for the study.
• Insurance Development Forum (IDF)flagshipStrategic or Co-development PartnerTripartite Agreement Programme partners including IDF, UNDP, and BMZ designing and implementing parametric insurance for governments and farmers in developing countries.
• United Nations Development Programme (UNDP)flagshipStrategic or Co-development PartnerTripartite Agreement Programme partner for parametric insurance programs supporting climate-vulnerable populations in Ecuador, Nigeria, and other countries.
• African Risk Capacity (ARC) LtdcoreTechnology or IntegrationProvides reinsurance for parametric insurance contracts including Pikine, Senegal program, with weather risk expertise and actuarial modeling.
• FathomcoreTechnology or IntegrationThird year of collaboration integrating Fathom's probabilistic flood risk models and FathomDEM+ (machine learning-based near-LiDAR elevation data) into Altitude decision-support platform.
• PT Mandiri AXA GeneralcoreImplementation/ SI/ Consulting PartnerLead insurance partner for Indonesian smallholder farmer parametric insurance project with support from AXA Emerging Customers inclusive insurance center.
• AXA Emerging CustomerscoreChannel Partner/ Reseller/ DistributorInclusive insurance center of expertise providing support for smallholder farmer insurance programs in emerging markets.
• Hispana de SegurosminorChannel Partner/ Reseller/ DistributorLocal Ecuadorian insurer implementing parametric agricultural insurance policies for smallholder farmers.
• ApavemajorStrategic or Co-development PartnerAXA Climate transferred its Climate School training platform to Apave to accelerate the next stage of development for climate education services.
• ESCP Business SchoolminorStrategic or Co-development PartnerPartnership to help businesses adapt to climate change through educational programs and climate risk awareness.
• ClimateSeedminorStrategic or Co-development PartnerJoint creation of first insurance policy for protection of mangrove forests in Mexico.
• AXA Seguros MexicominorChannel Partner/ Reseller/ Distributor
• Blue FinanceminorStrategic or Co-development PartnerPartnership to protect marine ecosystems through innovative blue finance and parametric insurance solutions.
• HowdenminorChannel Partner/ Reseller/ DistributorInsurance broker partner for marine conservation and parametric insurance products.
• Bessé AgrominorStrategic or Co-development PartnerPartnership for co-construction of innovative insurance solutions for the agricultural sector.
• Bande Organisée StudiominorGTM or Marketing PartnerCreative studio collaboration for ad campaign to launch new content series on climate action.
• FnB Private EquityminorStrategic or Co-development PartnerAXA Climate supports FnB Private Equity for launch of Article 9 sustainable investment fund.

Scale indicators11 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Jupiter Intelligence: Climate risk analytics SaaS provider focused on physical and transition risk for corporates, asset managers, and governments. Competes directly with AXA Climate's Altitude SaaS in portfolio climate risk scoring and adaptation planning.
• CelsiusPro: Swiss parametric weather-index insurance specialist serving agricultural, energy, and developing-country exposure. Direct parametric-insurance peer with comparable trigger-based products and emerging-market focus.
• Descartes Underwriting: Paris-based parametric insurance startup offering corporate climate risk transfer solutions for natural disasters. Directly comparable in product (parametric/weather-indexed insurance), geography (France/Europe), and target customers (corporates, public-sector risk managers).

Emerging players

• Cervest: London-based climate risk analytics platform using AI and earth observation to forecast climate asset risk for enterprises. Overlaps with Altitude on asset-level climate risk assessment for finance and corporate buyers.
• SatSure: India-based satellite earth-observation analytics firm partnering with AXA Climate for parametric risk-transfer solutions. Adjacent peer providing satellite-driven agricultural and climate insights that compete with elements of Altitude Agriculture.
• Fathom: Bristol-based flood and climate risk analytics firm whose probabilistic models and FathomDEM+ elevation product are integrated into AXA Climate's Altitude platform. Comparable as a flood-hazard and financial-impact analytics provider serving insurers and asset managers.

Broad incumbents

• Munich Re: Global reinsurer with a major parametric and climate-risk analytics franchise (including its acquired Climate Re unit). Overlaps with AXA Climate on parametric triggers, climate hazard modeling, and emerging-market sovereign risk pools — but at vastly larger scale and reinsurance focus.
• Beazley: Specialty insurer with a growing parametric and climate product line for corporate and public-sector clients. Competes on parametric insurance underwriting but as part of a much broader specialty insurance portfolio.
• Swiss Re: World's largest reinsurer, an active partner in IDF multi-country programs alongside AXA Climate, and a provider of parametric and climate-risk analytics tools. Operates across the same insurance and risk-modeling value chain but at global reinsurance scale.

Regional players

• African Risk Capacity (ARC): African Union-affiliated parametric drought and disaster insurance pool providing sovereign risk cover to member states. Reinsurance partner to AXA Climate (e.g., Pikine) and a comparable Africa-focused parametric risk-transfer provider.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInfr.linkedin.com/company/axaclimate
• Xx.com/AXA

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AXA Climate