Nearmap’s AI-powered models approved in 27 markets
Insurers can leverage the predictive scores to help price risk.
“What you buy today [in IT] will be obsolete before you even have the capital expense depreciated,” observes Michael Hugos, consultant and author of the book, Business in the Cloud. “You need a flexible cost structure where you’re not saddled with a massive infrastructure expense. Using cloud computing and Software as a Service (SaaS) are cost-effective, pay-as-you-go mechanisms for IT.”
“There’s no advantage to me to have a data center and to pay for electricity, cooling, real estate, and other costs. It’s more efficient to use a co-location site or cloud-based infrastructure options,” says Waleed Sharaf, vice president of information technology at ICW Group Insurance Companies in San Diego.
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Insurers can leverage the predictive scores to help price risk.
New technology juggles storm water risk, urbanization and climate change.
It’s important to resist trying too hard and sending the wrong message.
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Rain-related business disruptions can be costly for your clients. Parametric hourly rain insurance offers a proactive approach to mitigate financial losses from weather conditions. This data-driven solution delivers fast, automated payouts when rainfall thresholds are met, ensuring your clients are protected when they need it most.
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