Reinsurance News
Understory
Understory $15mn funding to help accelerate growth into renewable energy sector
6th June 2024
Climate risk-solving insurance provider Understory has announced the closing of its Series A funding round, securing $15 million to drive its expansion into the renewable energy sector. This funding round, co-led by True Ventures and Prelude Ventures, will support the launch of Understory's new product offering focused on the renewable energy ... Read the full article
Skyward Specialty & Understory launch captive solution for auto dealer market
15th November 2022
Skyward Specialty Insurance Group and Understory Inc. have partnered to launch a new insurance solution to help U.S. automotive dealerships control the rising cost and instability of inventory coverage. The new solution combines Understory's weather technology and expertise in risk mitigation with Skyward Specialty's underwriting, claims and captive experience to pioneer ... Read the full article
Understory launches post-event claim volume and indemnity estimation solution
5th July 2018
Weather network and analytics firm, Understory, has launched a new solution that provides auto-generated assessments following hail events to help insurers and reinsurers better understand policyholder behaviour post-storm, called Weather Intelligence Storm Estimates (WISE). As well as improving re/insurers' understanding of policyholder post-storm behaviour, WISE is also designed to help market ... Read the full article
Betterview clients able to assess historical weather data via Understory partnership
10th October 2017
InsurTech drone start-up, Betterview, has announced that it will integrate Understory, Inc.'s historical weather data into its UAV software platform. Insurance and reinsurance companies use Betterview's software and services to analyse data for buildings and properties, via drone technology. By integrating Understory's historical weather data into its UAV software, Betterview's clients will ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
