Understory Redefines How Insurance Companies Process Weather-Related Property Damage Claims
Partners with
Analytic Weather Data Network Creates Landmark Savings Opportunities for Insurance Industry
In
“Understory is changing how we handle weather-related property damage claims,” said
Sensor Network Provides Hyperlocalized Data
An analysis using Understory’s data on information from a top five, top 50 and regional carrier, amounting to 50,000 policyholders and 10,000 claims, showcased the data’s capabilities to reduce claims expense costs by 15 percent for any storm event. This results in an average savings of
“Insurers benefit from understanding a storm in retrospect,” said
Understory’s sensor networks track weather in real-time, collecting critical data that better enables companies like
Currently deployed in five key metro areas including
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/20171116005054/en/
Treble
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Source: Understory
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