It makes sense to track the damage in real time when a serious weather event occurs, or a natural event like a volcano eruption or earthquake strikes. For insurers, all data, from a variety of sources, is valuable because as the incident unfolds steps can be taken to minimnise loss of life and property. McKenzie Intelligence Services (MIS), a geospatial intelligence leader, and Brush Claims (Brush), an InsurTech claims solution firm using innovative proprietary technology, are partnering to accelerate incident and claims responses following catastrophic events.
The partnership will provide Brush with real-time analysis of global perils, including storms, wildfires, and flooding, that will be leveraged alongside their suite of InsurTech solutions, Hubvia, to provide the most advanced claims processing on the market. The data provided by MIS’s AI-powered program, Global Events Observer (GEO), allows their partners to not only instantly assess but even predict damages at a time when physical access to the risk location may be limited following a natural catastrophe.
PRE-CAT PLANNING PAYS
The damage predictions allow carriers to set accurate reserves and the real-time analyses allow for unprecedented accuracy and efficiency of catastrophe response plans. The innovative partnership is unlike any other: providing full, end-to-end offering, taking CAT team responses from reactive to proactive and putting the insured at the heart of the process.
Will Bonner, Chief Operating Officer of MIS, said: “Both McKenzie Intelligence Services and Brush Claims are committed to reshaping the insurance industry through the intelligent application of technology. By harnessing the combined power of GEO and Hubvia, Brush will be in a position to provide a superior, customer-focused response to both carriers and insureds when they are most in need.”
“The partnering of McKenzie Intelligence Services’ Global Events Observer (GEO) and our suite of InsurTech solutions, Hubvia is the first step of many to truly shift catastrophe response from reactive to proactive,” said Troy Stewart, President and Chief Operating Officer of Brush Claims. “Not only does our partnership drastically improve the claims process of our joint client partners, but it allows us to adequately prepare policyholders for how the impending catastrophe will impact them. Brush and MIS will be able to deliver an unparalleled level of service and care for clients and customers alike.”
Geospatial tools like GEO can combine with other data sources to serve as an innovative way of predicting damage to insured infrastructure and businesses, supercharging the claims process and allowing for accurate fund designation.
MIS and Brush will both be attending the world’s largest gathering for claims executives at Reuters Events Connected Claims USA 2022. To learn more about the partnership, please visit: https://bcc457.ac-page.com/brush-claims-mckenzie-intelligence-services
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