Understand the Impact of an Event, Before it Occurs
The year 2017 was costly for the insurance industry due to multiple concurrent natural disasters in North America. From hurricanes and flooding to wildfires and earthquakes, the intensity and geographic dispersion of these events resulted in significantly higher costs for the insurance industry—and many companies struggled to respond quickly to claims.
As the frequency and intensity of natural disasters continue to increase, the insurance industry must challenge traditional processes to improve risk management. By embracing location intelligence, innovative companies are ensuring that their portfolios are protected from these growing threats.
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