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The impact of natural and man-made catastrophes continues to grow, but there is a lack of reliable, measured data during and immediately after cat events to support large financial decisions, efficient operations and the safety of people on the ground. During major catastrophes, insurance professionals need the clarity that only comes with actual measured information - hard facts that remove the guesswork to improve decision making, operational efficiency and safety.
MIS automatically aggregates and analyzes space, air, ground and IoT sensors to provide timely, robust and holistic view of a NATCAT event. We combine machine learning algorithms with our in-house, military trained damage assessment experts to provide the hard facts about the situation on the ground before. Delivered via the MIS-Intel NatCat Intelligence Platform, our customers easily access the information they need to support a variety of catastrophe related activities for the global insurance industry.
4.5 million U.S. homes were identified at high or extreme risk of wildfire, with more than 2 million in California alone. Losses from wildfires added up to $5.1 billion over the past 10 years.
Verisk - July 12, 2017
Source: Insurance Information Institute, The Property Claim Services® (PCS®) unit of ISO®, a Verisk Analytics® company