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ORIGINAL: AISIX Solutions Inc. Secures Three Year $780,000 Wildfire Catastrophe Modeling Contract with Major Canadian Insurer
Three-Year Agreement Delivers Predictable Recurring Revenue; Validates Enterprise-Grade Platform
2026-05-05 09:19 ET - News Release
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) - AISIX Solutions Inc., (TSXV: AISX) ("AISIX" or "the Company"), a climate risk and wildfire intelligence company, is pleased to announce the execution of a Master Services Agreement (MSA) and Statement of Work (SOW) with a major Canadian insurance provider valued at $260,000 per year over a minimum three-year term, representing $780,000 in contracted revenue. AISIX was selected through a competitive, invite-only Request for Proposal (RFP) process in which multiple providers were evaluated. The agreement was signed May 4th, 2026.
Contract Highlights:
$260,000 annual contract value; $780,000 minimum total contract value
Three-year minimum term providing long-term revenue visibility
Milestone-linked payment schedule tied to delivery acceptance
Competitive RFP win against multiple evaluated providers
Expands AISIX's footprint in the Canadian insurance market
Payment Schedule and Milestones:
Year 1 payments of $260,000 are structured across three deliverables and tied to client acceptance at each stage. Deliverable 1 (wildfire hazard data layers) accounts for 50% of Year 1 fees ($130,000), payable upon acceptance. Deliverable 2 (wildfire loss metrics including ground-up and gross loss modeling) accounts for 25% ($65,000), distributed across four milestones spanning the first 150 days. Deliverable 3 (reinsurance integration and net loss metrics) accounts for the remaining 25% ($65,000), distributed across four milestones completing within approximately 120 days of Deliverable 2 acceptance. Years 2 and 3 fees of $260,000 per year are each payable within 30 calendar days of the applicable renewal date.
Scope of Work:
Under the agreement, AISIX will deploy its wildfire catastrophe modeling platform across three structured deliverables: (1) baseline and climate scenario wildfire hazard data covering all of Canada; (2) location-level and portfolio-wide loss metrics - including Annual Average Loss (AAL), Occurrence and Aggregate Probable Maximum Loss (PML), and Event and Year Loss Tables - for both ground-up and gross perspectives; and (3) reinsurance integration to support net loss metrics and capital management. The platform will support portfolio runs of up to 20 million locations, with the initial hazard data delivery targeted within 15 calendar days of contract start.
The engagement supports the insurance provider's underwriting, portfolio risk management, and capital allocation functions, and includes development of a custom vulnerability framework calibrated against the client's historical claims data.
"This contract represents exactly the type of enterprise, recurring revenue relationship we have been building toward," said Dr. Gio Roberti, Chief Executive Officer of AISIX Solutions Inc. "Winning a competitive RFP against established providers, and executing a multi-year agreement with a major Canadian insurer, is a meaningful validation of our platform's technical depth and commercial readiness. We look forward to delivering measurable value for our client and continuing to grow our presence in the insurance analytics market."
For more information about AISIX Solutions Inc. and its climate risk solutions, please visit www.aisix.ca or follow the Company on X (formerly Twitter) at @AISIXSolutions or on LinkedIn at linkedin.com/company/aisixsolutionsinc/
About AISIX Solutions Inc.
AISIX Solutions Inc., is a wildfire risk and data-analytics solutions provider trusted by organizations seeking a more predictive future. Leveraging the advancements of data analytics and risk assessment, AISIX Solutions Inc. is on a mission to provide auditable, explainable, and defensible assessments to help businesses and communities protect their property, assets, and infrastructure from wildfire-related risks. By empowering organizations with wildfire risk insights, AISIX Solutions Inc. aims to foster resilience and sustainability in the face of climate change.
For further information:
Dr. Gio Roberti, Chief Executive Officer
\+1 (604) 620-1051
investors@aisix.ca

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