Ageas UK in ‘market-first’ move

Innovation part of partnership with WeatherNet

Ageas UK in ‘market-first’ move

Catastrophe & Flood

By Terry Gangcuangco

Ageas UK has incorporated WeatherNet’s SurgeCast application with policyholders’ precise geographical location in what is said to be a pioneering move.

“SurgeCast delivers Ageas bespoke weather forecasts for the postcodes of its policyholders, up to 16 days ahead, refreshed four times every day,” WeatherNet managing director Stephen Roberts said in an emailed release. “Ageas is the first to apply deep learning from a detailed study of historical severe weather events to predict the impact of forecast ones.

“The insight SurgeCast offers enables Ageas and its customers to be more prepared in advance of extreme weather events, and we are pleased our technology is part of the solution helping keep policyholders safe.”    

The innovative offering comes amid the increase in extreme weather events.

“We understand that climate change and increasingly unpredictable weather patterns are affecting our customers,” Ageas UK claims director Stephen Linklater noted. “With a focus on our technical capabilities, we are finding innovative ways to better protect our customers and help minimise the impact and disruption that these extreme weather events can cause.

“Not only does SurgeCast enable us to prepare our most at-risk customers through timely advice and support, but we can also ensure we have the consultants and suppliers ready to respond. Climate modelling is a rapidly developing science, and we will continue to work with industry experts like WeatherNet to help us develop and apply our services.”

One of the country’s largest personal lines insurers, Ageas UK serves around four million customers.

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