Fuse expands real-time peril intelligence platform Watch to global markets

Fuse International, an AI-powered commercial insurance intelligence platform, has announced the global expansion of Watch, a live peril dashboard designed to streamline risk management by consolidating global catastrophe data into a single workspace.this latest expansion introduces comprehensive oversight across five macro regions and 22 sub-regions.A key advantage of the platform to highlight, is the ability for companies to sync their portfolio data for real-time insights into how unfolding catastrophes may impact their specific book of business.

“Watch consolidates the world’s authoritative catastrophe data sources into one workspace and, when paired with a synced book of business, computes total insured value (TIV) at risk for every event as it unfolds — naming the affected insureds, the carriers on those layers, and the aggregate exposure across the book in near real time,” Fuse explained.The platform’s intelligence is powered by ten live integrations with premier agencies, including the USGS, NASA FIRMS, the National Weather Service, MeteoAlarm, the Deutscher Wetterdienst, the Japan Meteorological Agency, GeoNet, the Australian Bureau of Meteorology, Environment and Climate Change Canada, and the Global Disaster Alert and Coordination System.This granular coverage now spans the Americas, including the U.S., Canada, and Latin America; Europe, covering the UK, Ireland, and both Western and Eastern territories; and the Asia-Pacific region, including Japan, Australasia, and Greater China.

Furthermore, the expansion includes Africa and the Middle East, with specific scopes for the GCC, North, East, West, and Southern Africa.A comprehensive Global satellite layer sits above these regional views to provide a total portfolio overview.In addition, Watch tracks ten peril classes continuously, which includes earthquake, tropical cyclone (hurricane / typhoon), flood, wildfire, volcano, drought, severe convective storm (wind / hail / tornado), winter storms, heatwave, and coastal and marine hazards.

It’s also worth noting that Watch will  be highly useful for insurance-linked securities (ILS) specialists, due to the fact that it provides a streamlined way to analyse and view peril implications of severe weather and catastrophe events on a global basis.By addressing the fragmented, region-locked data feeds that have hindered the industry for decades, Watch provides a unified solution for global risk.“Watch is built to close that gap.

Every incoming peril event is spatially intersected against every insured location on a synced book using radius and polygon geometry.Within sub-minute latency on high-severity events, users see exactly which clients sit inside the impact zone, which carriers are on those layers, and how much TIV is exposed,” Fuse added.Sean Bourgeois, Founder and CEO of Fuse, commented: “The industry has accepted opacity for too long.

A broker shouldn’t learn that a hailstorm is sitting over a top-ten client from a phone call.A carrier shouldn’t triage claims surge from spreadsheets.A reinsurer shouldn’t wait until quarterly cessions to see what just happened to their accumulation.

Watch is the layer that closes those gaps — the same gaps every part of the value chain has been working around for years.” Fuse also confirmed that Watch possesses the ability geocode every account automatically and intersect every incoming event against every location in real time.These results are funneled into a triaged, severity-ranked Portfolio Alerts inbox that allows for one-click drill-downs into affected accounts.Beyond simple alerts, the platform also includes a sophisticated rules engine for user-defined thresholds, and a standing exposure heatmap by peril and geography to surface vulnerabilities before an event occurs And lastly, the platform supports carrier and cedent reporting through exportable exposure snapshots, facilitating more informed renewal conversations and post-event accumulation reporting.

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Publisher: Artemis