Weather network and analytics start-up Understory is to launch its messaging platform for insurers. The service is designed to help insurance companies better engage with policyholders over weather-related insurance claims helping to mitigate risks resulting from severe weather and improve the turnaround time on claims resolution. “Insurers are looking at how they can use data in their business models that will be more relevant than ever before,” said David Smith, CEO of Understory. Severe weather, which is increasing, already costs US insurers billions of dollars each year according to Alex Kunicek, CEO of Understory, a problem the start-up hopes to help mitigate with proven data that can help anticipate future events and immediately assess and report on weather-related property damage.
Weather network and analytics start-up Understory is to launch its messaging platform for insurers. The service is designed to help insurance companies better engage with policyholders over weather-related insurance claims helping to mitigate risks resulting from severe weather and improve the turnaround time on claims resolution. The platform provides unique real-time, ground level weather data which can be integrated within insurers’ existing digital strategies or deployed as a standalone app. Severe weather, which is increasing, already costs US insurers billions of dollars each year according to Alex Kunicek, CEO of Understory, a problem the start-up hopes to help mitigate with proven data that can help anticipate future events and immediately assess and report on weather-related property damage.