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What is Understory?

Traditional insurance models have struggled to adequately respond to the rising threats posed by extreme weather phenomena. Understoryâ„¢ is leading the charge with groundbreaking insurance solutions specifically designed for a world increasingly influenced by climate change. Learn how your business can successfully navigate severe weather challenges with our clear, transparent, and flexible insurance offerings. Our innovative hyperlocal climate risk engine turns even the most formidable climate threats into manageable opportunities, illustrating our dedication to protecting industries that are most vulnerable to climate impacts. With unmatched precision and insight, we proudly present Dotâ„¢, our state-of-the-art weather sensor that forms the core of our transformative technology platform. Conventional insurers frequently lack the essential tools to accurately assess and price severe weather risk, leading them to err on the side of caution and impose high premiums. As the insurance landscape continues to evolve, it is vital to adopt advanced solutions like ours for both financial viability and defense against climate-related uncertainties. By choosing Understoryâ„¢, you are not just investing in insurance; you are securing a sustainable future for your enterprise.

What is SmartResilience?

SmartResilience is a cloud-enabled platform specifically developed for managing climate-related risks, addressing the requirements of sustainability, compliance, risk management, and operations teams responsible for businesses and asset portfolios spread across various locations. The system assesses an array of physical hazards, including floods, heatwaves, winds, droughts, and surface water conditions, by correlating these risks to specific geographical areas, thereby generating hazard scores and evaluating financial vulnerabilities across a spectrum of climate scenarios in both present and forthcoming contexts. By facilitating the analysis of annual losses at each site, modeling costs linked to infrequent events, and assessing adaptation tactics based on their return on investment, teams can produce customized outputs suitable for disclosure needs. Moreover, SmartResilience incorporates continuous monitoring that provides tailored weather alerts for specific sites, tracks incidents and the associated responses, and supplies portfolio summaries, which enable teams to prioritize their risk mitigation strategies, assess potential new sites, engage with insurers, and plan resilience investments effectively. Additionally, a free checker tool allows for a rapid regional evaluation, while the premium version of the platform is recognized for offering detailed asset-level analysis, continuous monitoring, and extensive planning resources for its users, enhancing their decision-making capabilities. This comprehensive dual approach not only empowers organizations to adeptly navigate their climate-related risks but also significantly boosts their overarching sustainability initiatives, ensuring a proactive stance in an increasingly unpredictable environmental landscape.

Media

Media

No images available

Integrations Supported

Axis LMS

Integrations Supported

Ordnance Survey

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

Enterprise pricing is available on request.

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Not specified

Training Options

On-Site Training

Training Options

Not specified

Company Facts

Organization Name

Understory

Date Founded

2012

Company Location

United States

Company Website

understoryweather.com

Company Facts

Organization Name

SmartResilience

Date Founded

2019

Company Location

United Kingdom

Company Website

www.smartresilience.com

Categories and Features

Climate Risk

Not specified

Weather Intelligence

Not specified

Categories and Features

Climate Risk

Not specified

Risk Management

Not specified

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