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How Data Analysis Quantifies Water, Fire Risks for Insurers

 Kate Devagno   14th August 2018    insurance insurance analytics insurance data non-weather fire risk non-weather risks non-weather water risk

The weather is unpredictable. And yet, sophisticated catastrophic risk and weather verification models have made it possible for property insurers to quantify the ‘what could, what if and what did happen’ of natural hazard risk.

Surprisingly, outside of storm surge, wildfire, winter storms and other weather-related events, tools to help quantify the risk of water and fire damage from non-weather-related events have been nonexistent.

So how can property insurers close the gap on pricing risk associated with damage that isn’t caused by Mother Nature? Learn more at PropertyCasualty360.