New Insurtech Tools Will Be Put To the Test This Storm Season

The 2018 hurricane season in the Atlantic Ocean and Gulf of Mexico began June 1, and as many Americans are still repairing the damage from last year’s devastating storms, hurricane preparedness and catastrophic events are squarely in focus. Home owners in storm-prone regions are counseled to stockpile water, batteries and tarps. Business owners back up data, harden worksites and create plans to keep employees safe and informed. Meanwhile insurance carriers and third-party administrators face the challenge of showing their processes are disaster-ready. After the surprise intensity and destructiveness of 2017’s storms, this year’s season will be seen as a testing ground for data science, machine learning and innovation versus catastrophic events.