by Insurity | Sep 1, 2020 | Blog, Data & Analytics
I’ve worked in the insurance industry for more than 20 years, spanning the spectrum of the insurance value chain from broker to modeler and now solution provider. Along the way, I’ve witnessed how technology has enabled the practices of exposure management,...
by Insurity | Aug 28, 2020 | Data & Analytics
Right now, insurers are scrambling to understand the lashing Hurricane Laura has reaped on their portfolios. For some carriers, it can be an all-data-hands-on-deck, 24/7 effort to continuously process the latest datasets from multiple providers (e.g. NOAA, KatRisk,...
by Insurity | Aug 25, 2020 | Blog, Data & Analytics
When catastrophes strike, you have no time. You’re under pressure to quickly understand the financial impact of an event and provide estimates to management. At the same time, you (and your team) are constantly tracking the event, processing hazard data, making sure...
by Insurity | Aug 18, 2020 | Blog, Data & Analytics
Our industry is facing two major problems related to hazard data: There are more hazard and event data providers producing higher resolution footprints for a larger number of catastrophic events than ever before. This new quantity and quality of data is difficult...
by Insurity | Aug 12, 2020 | Blog, Data & Analytics
While Hurricane Isaias may be in the rearview mirror, recovery efforts are just beginning. With an estimated $4 billion in insured losses, P&C insurers must now turn their attention to understanding Isaias’ financial impact and quickly servicing customers. To do...
by Insurity | Aug 11, 2020 | Blog, Data & Analytics
The ecosystem of hazard models and data is rapidly expanding, and this is exciting news for the P&C industry. But with all the hazard data that is being generated, especially during catastrophe events like hurricane and wildfire, comes the need for more...
