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SOLUTIONS

DisasterAWARE for the Insurance Industry

Natural disasters cause hundreds of billions of dollars in economic losses annually, making proactive risk management essential for insurers. DisasterAWARE provides real-time hazard data to help insurers assess their portfolio’s exposure to global events and streamline claims processing with accurate event validation. Historical hazard data, hazardous zones, and climate change insights enable precise policy pricing and portfolio optimization, reducing concentrated risk. Insurers can use our SaaS application to monitor floods, wildfires, tropical cyclones, earthquakes, and other hazards, proactively tracking events and providing preemptive guidance to policyholders. For seamless integration into broker workflows and catastrophe modeling, our DaaS product delivers comprehensive hazard data that enhances underwriting, loss prediction, and customer engagement. With DisasterAWARE, insurers can build resilience, improve operational efficiency, and strengthen client relationships.

Supply Chain Management

Identify Risks to Critical Nodes

DisasterAWARE enables companies to monitor hazards that may disrupt key supply chain nodes, such as manufacturing facilities, distribution centers, and transportation hubs. By integrating real-time hazard data and predictive modeling, organizations can identify potential risks before they escalate, allowing for proactive mitigation measures. This ensures smoother operations and minimizes costly disruptions caused by unforeseen events.

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Track and Protect Supply Chain Assets

Using DisasterAWARE’s asset tracking features, businesses can monitor the locations of mobile assets, such as trucks, ships, or aircraft, in relation to active hazards. Early warning notifications are tailored to highlight risks to these assets, enabling companies to reroute shipments or adjust logistics plans as needed. This real-time awareness helps safeguard goods in transit and maintain supply chain continuity.

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Integrate Hazard Data into Supply Chain Systems

For organizations building advanced supply chain management systems, DisasterAWARE’s DaaS product provides seamless access to global hazard data. By integrating this data into their workflows, companies can enhance risk assessments, optimize inventory positioning, and strengthen contingency planning. This capability is especially valuable for multinational operations that require a comprehensive view of risks across regions.

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Insurance Management

Identify Risks to Critical Nodes

Assess Portfolio Risk Exposure

DisasterAWARE provides real-time hazard monitoring that allows insurers to assess the current risk exposure of their portfolios to global events. By visualizing hazards in relation to insured locations, companies can quickly identify policies at risk and evaluate potential impacts. This proactive approach helps insurers manage their risk exposure more effectively, ensuring financial stability even during large-scale disasters.

Track and Protect Supply Chain Assets

 Improve Policy Pricing and Underwriting

Using DisasterAWARE’s historical hazard data, vulnerability zones, and climate change insights, insurers can enhance their policy pricing and underwriting processes. The data enables a detailed understanding of long-term hazard patterns and risk factors, leading to more accurate risk assessments. This results in fairer premiums for customers while reducing financial exposure for the insurer.

Integrate Hazard Data into Supply Chain Systems

Streamline Claims Validation and Processing

DisasterAWARE’s real-time hazard data can be used to validate insurance claims with speed and accuracy. By cross-referencing claim locations with hazard impact areas, insurers can quickly determine the legitimacy of claims, reducing fraud and processing times. This streamlined approach improves operational efficiency and enhances customer satisfaction during critical moments.

Enhance Catastrophe Modeling

DisasterAWARE’s comprehensive hazard data can be integrated into existing catastrophe models to improve their accuracy and reliability. By incorporating real-time, historical, and predictive hazard data, insurers gain deeper insights into potential losses and better prepare for large-scale disaster scenarios. This enhanced modeling supports more informed reinsurance decisions and strengthens overall risk management strategies.

Support Regulatory Compliance

Insurers can use DisasterAWARE’s data to meet regulatory requirements for risk assessment, disclosure, and reporting. The platform provides detailed hazard insights and vulnerability assessments, helping organizations demonstrate their understanding of risks and their ability to manage them. This capability is particularly valuable in regions where climate-related regulations are becoming increasingly stringent.

Nine Ways DisasterAWARE Supports the Insurance Industry

01

Track active hazards worldwide to assess real-time risk exposure for insured properties and portfolios.

02

Use historical hazard data and vulnerability zones to price policies based on precise risk assessments.

03

Incorporate hazard data and climate change insights into underwriting decisions for more comprehensive evaluations.

04

Cross-reference claims with hazard impact data to quickly verify legitimacy and reduce processing times.

05

Integrate real-time and predictive hazard data into catastrophe models for more accurate loss estimations.

06

Leverage detailed hazard and vulnerability data to meet stringent risk disclosure and reporting requirements.

07

Identify areas of high risk and adjust portfolio distributions to minimize financial exposure.

08

Provide policyholders with early warnings and disaster preparedness guidance to reduce losses and enhance satisfaction.

09

Utilize DisasterAWARE’s DaaS offering to integrate hazard data directly into insurance workbenches for efficient decision-making.
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DisasterAWARE Enterprise

DisasterAWARE Enterprise™

A powerful all-hazards early warning and risk intelligence platform that helps businesses monitor, assess, and respond to disasters in real time.

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DisasterAWARE Mobile App

Disaster Alert Mobile App

A free mobile app that delivers real-time hazard alerts and global risk intelligence, keeping you informed and prepared wherever you go.

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DisasterAWARE Enterprise

DisasterAWARE DaaS

Provides seamless access to global hazard data, enabling businesses to integrate real-time and historical disaster intelligence into their own applications and systems.

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