Filtering characteristics through the e2Value process can help insurers more accurately identify the exposure risk of properties to losses and better align the premium with the risk.
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Current construction activity is already putting stress on the availability of materials and labor before catastrophes occur and these events do impact prices. However, it is not a large spike that occurs immediately. Price increases are a more gradual process as the area cleans up and prepares for rebuilding.
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Todd Rissel, chief executive officer, e2Value, will be speaking at Intelligent InsurTECH Europe, October 15, in London. At the event they will be discussing how to leverage emerging technologies like AI, IoT and Blockchain, to drive operational efficiency and exceptional customer experience. Check out the event website here: Intelligent InsurTECH Europe
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