The Way To Address Climate Change

With the spring season known to bring the most dangerous storms and damaging tornados, the next few months are likely to see continual and damaging weather events across the U.S.

Earthquakes, storms, floods and droughts -- the number of recorded loss events resulting from natural disasters has been increasing for some years now. However, some insurers that are using more traditional risk assessment methods are finding the emerging risk landscape too unpredictable.

Climate change is one of the most pressing issues in the insurance industry today, but forward-thinking insurers have found the way to combat it: AI.

In the last decade, artificial intelligence (AI) has emerged as the game-changing technology in the insurance sector. AI models are becoming more effective in the analyzing and processing of insurance claims, especially in the case of natural catastrophes.

Visual data can accelerate inspection, underwriting and claims at the same time it helps with risk prediction and preparedness.