Co-operators and Geosapiens announce a long-term partnership to strengthen assessment and management of flood risks

Press Release

Quebec City, 2025-12-04 – Co-operators, a leading player in the Canadian insurance industry, and Geosapiens, a Canadian leader in climate risk modeling, announce the signing of a long-term agreement to improve Co-operators flood risk assessment. As extreme weather events intensify, the insurance industry requires reliable and precise scientific data to better understand and manage risks.

Geosapiens develops cutting-edge solutions that redefine how organizations anticipate and manage flood risks. Through its scientific and technological expertise, Geosapiens provides insurers with accurate and actionable data that helps to:

• Improve the precision of risk assessments at the property and portfolio levels

• Strengthen the financial resilience of portfolios

• Comply with growing regulatory requirements, including OSFI B-15 on climate risk management

• Better protect Canadian communities from climate hazards

“We are proud to solidify our collaboration with Co-operators, a leading player in the Canadian insurance sector. This agreement confirms the value and relevance of our modeling solutions and marks an important milestone in our mission to support the industry in managing climate risks,” said Hachem Agili, President and CEO and Co-founder of Geosapiens.

For Co-operators, integrating advanced scientific data and models is a core part of its resilience strategy. The organization recognizes that climate risks are an increasing challenge for its members and clients across the country, and that leveraging cutting-edge technological solutions is essential to ensure operational strength and provide adequate protection to communities.

“Climate threats are one of the greatest challenges of our time and a direct threat to our purpose. While Co-operators is committed to championing the security of our communities today – we’re investing in tomorrow to catalyze more resilient and sustainable future,” said Mathieu Giguere, Vice-president, P&C Business Intelligence &

Chief Analytics Officer, Co-operators. “Our partnership with Geosapiens originally set out in 2021 to advance the field of climate science for all of Canada. Integrating this intelligence into our ecosystem and risk models is a gratifying new chapter and a logical next step.”

Co-operators joined Geosapiens’ first round of investment in 2021.  Their ongoing partnership is a demonstration of the two organizations’ aligned visions and concrete approaches to science-based climate resilience.

About Co-operators

Proudly Canadian since 1945, Co-operators is a leading financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. With more than $78 billion in assets under administration, Co-operators is well known for its community involvement and its commitment to sustainability. Currently a carbon neutral organization, Co-operators is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. Co-operators is recognized as one of Canada's Top 100 Employers and ranked as one of Corporate Knights' Best 50 Corporate Citizens in Canada.

This Press Release on Co-operators website.

About Geosapiens

Geosapiens is a Canadian company specializing in climate risk modeling. It develops solutions based on artificial intelligence and geospatial data to help insurance companies and financial institutions better assess, prevent, and manage flood and wildfire risks. Its platform provides APIs and web applications, offering reliable and user-friendly decision-support tools to assess risk at the property and portfolio levels. Geosapiens’ mission is to strengthen society’s resilience to climate change by enabling better preparedness and protecting communities in a sustainable way. www.geosapiens.com