Commercial insurance intelligence platform Fuse has expanded the scope of Watch, its real-time peril intelligence layer built for the entire insurance value chain.
Fuse announced the general availability of Watch in April this year, unveiling a product that plots every active US peril on a single live map, purpose-built for commercial insurance brokers and underwriters.
“Watch consolidates the world’s authoritative catastrophe data sources into one workspace and, when paired with a synced book of business, computes total insured value (TIV) at risk for every event as it unfolds — naming the affected insureds, the carriers on those layers, and the aggregate exposure across the book in near real time,” Fuse explained.
Notably, Watch spans five macro regions and twenty-two sub-regional scopes, covering ten peril classes and integrating live feeds from ten authoritative meteorological and seismic agencies, including the U.S. Geological Survey, NASA FIRMS, the National Weather Service, MeteoAlarm, the Deutscher Wetterdienst, the Japan Meteorological Agency, GeoNet, the Australian Bureau of Meteorology, Environment and Climate Change Canada, and the Global Disaster Alert and Coordination System.
Fuse noted that commercial insurance has long operated with siloed, region-locked catastrophe feeds.
The firm continued, “A U.S. broker watching a typhoon approach a global manufacturing client’s facility in Japan has historically needed three different tools — and even then, the data has rarely connected back to the insured locations on that account.
“Watch is built to close that gap. Every incoming peril event is spatially intersected against every insured location on a synced book using radius and polygon geometry. Within sub-minute latency on high-severity events, users see exactly which clients sit inside the impact zone, which carriers are on those layers, and how much TIV is exposed.”
Watch is now generally available across all five Fuse regions and is included with the Professional and Enterprise tiers.
The Portfolio overlay, alert rules engine, and exportable reporting are fully available to Professional and Enterprise customers, while the Free tier offers limited regional coverage for evaluation.
Sean Bourgeois, Founder and CEO of Fuse, concluded, “The industry has accepted opacity for too long. A broker shouldn’t learn that a hailstorm is sitting over a top-ten client from a phone call. A carrier shouldn’t triage claims surge from spreadsheets.
“A reinsurer shouldn’t wait until quarterly cessions to see what just happened to their accumulation. Watch is the layer that closes those gaps — the same gaps every part of the value chain has been working around for years.”
