Respond with confidence.
36 hours until landfall
A category 3 hurricane has formed in the Gulf of Mexico. Dubbed “Maribelle,” it's forecasted to inflict significant damage on the Texas coast, particularly the Houston area. Its impacts are 36 hours away.
Oliver's Story
Oliver's Story
Follow Oliver to see how an exposure manager uses the Verisk Ecosystem to help the organisation understand the potential impacts of the storm as it races toward the coast.
First, Oliver checks with his exposure management system to ensure that he has the most up-to-date set of properties prior to running analytics for the approaching storm.
Confident that he’s using the latest exposure information, he uses probabilistic catastrophe models to estimate a range of potential loss levels that Hurricane Maribelle could cause.
To narrow the range of losses generated by the catastrophe models, he can use advanced GIS analytics to select a set of stochastic events that are similar to the oncoming hurricane based on available information on Maribelle’s forecast track and wind speeds provided by the NHC.
Armed with a reliable set of loss estimates and an upper bound on the organisation’s TVaR, Oliver provides the loss estimates to Trevor, claims director, to help her make operational and strategic decisions to mitigate the impact of the storm for the organization and policyholders.