Understory Announces National Expansion to Save Insurance Industry Billions
Real-Time, Ground-Truth Weather Data Network to Cover Over 90 Percent of
“The insurance industry has never been able to access such geospatially-specific data on storm-related events,” said
Understory currently has 500 stations deployed across five major metropolitan areas and has worked with the insurance industry to analyze over 200,000 policyholders and 8,000 claims. Property and casualty insurance carriers have already seen pathways to over
Understory has launched its on-site claims analysis program, which allows insurance carriers to see how they can find expense savings and indemnity by operationalizing Understory’s data in under 48 hours.
With Understory, hyper-local weather can be understood with resolution and accuracy to streamline operational challenges and economic consequences. The patented technology provides actionable information that radar, satellite and other remote sensing technologies fail to deliver.
“Our networks have proven themselves in even the harshest weather conditions,” said
During recent severe weather events, Understory provided reliable, ground-truth weather data previously unavailable to insurers. Seventy stations, taking 50,000 measurements per second, captured incredibly granular data during Hurricane Harvey's historic rainfall in
About Understory
Understory analyzes and processes the data it collects to create real-time datasets, views, and actionable information from historical, current, and forecasted weather events to provide better insight and early detection of risks. Understory’s composite of granular weather data has applications across a variety of markets, including broadcasting, agriculture, forecasting, and risk mitigation. For more information, visit www.understoryweather.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20180111005258/en/
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Source: Understory
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