Winter Storm Juno arrived in the Northeast U.S. on January 27th. With significant flooding and increasing concern of potential roof collapse, insurers want to be adequately prepared to respond to this historic, mid-season snowfall. Areas like Worcester, MA, which saw historical snow accumulations of 35 inches, will be top of mind for insurers as forecasters suggest that this is likely the first of many storms to hit the region in the coming weeks.
For many insurers, quickly estimating the impact of each storm and deploying assistance to insureds are key differentiators. SpatialKey immediately responded with client access to snow precipitation maps from NOAA, delivered within SpatialKey’s Flood Analyst app, to provide immediate insight! Now, exposure management and claims teams can estimate the impact of heavy snowfall, manage stakeholder expectations, and mobilize efforts to assist insureds.
Insurers can easily assess and interrogate portfolio exposure and composition by location count, total insured value, exposed limit and any other metric of interest. Analysts can also effectively communicate between teams and senior management via shared dashboards, leading to prompt action and results.
With SpatialKey Flood Analyst, insurers can gain a comprehensive view of exposure before claims even start to come in! When a natural disaster hits – blizzard, flood, earthquake, hurricane, or tornado – SpatialKey is the fastest way to understand how you could be impacted.