Fuse International, an AI-powered commercial insurance intelligence platform, has announced the general availability of Watch, a new product that plots every active US peril on a single live map, purpose-built for commercial insurance brokers and underwriters.
The Peril Map covers more than 18 distinct peril categories, which includes tornadoes, severe thunderstorms, hail, lightning, high wind, tropical systems, floods, wildfires, winter weather, earthquakes, and volcanoes. Additional categories reportedly include coastal and tsunami events, landslides, air quality, marine conditions, and visibility, as well as FEMA disaster declarations.
According to Fuse, the Peril Map draws on multiple live data sources, including active watches and warnings from the National Weather Service (NWS), convective outlooks from the NOAA Storm Prediction Center, seismic data from the USGS, and satellite-based hot-spot detection.
Feeds are updated as frequently as every ten minutes. Brokers and underwriters also filter by type of peril, severity, geographical location, and time frame, while analytics provide a summary of alert volume over the past seven days, alerts categorised by peril, and a quick overview of the leading states by alert volume.
“The Live Feed pulls insurance-relevant events out of the broader NWS and FEMA streams and presents them with line-of-business context. Each item is tagged with the commercial lines it most directly affects — crop-hail, farm property, commercial property, NFIP and private flood among them — so brokers and underwriters can scan to what matters to their book and filter out the rest. The feed can be personalized to an industry focus so users see the events most relevant to the business they write,” Fuse explained.
The firm added: “For brokers and underwriters who want the market to come to them, Watch also delivers a comprehensive daily email digest — a single morning brief covering the overnight peril picture, the three-day forecast, the most material carrier-pressure movements, and the commodity and macro signals that shifted while the market slept.
“Recipients select the region most relevant to their book — the Midwest, the Gulf Coast, the Southeast, California and the West, the Northeast, or the full continental United States — and the digest is tailored accordingly.”
It’s worth noting that Fuse’s new platform will also be 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 across the United States.
Sean Bourgeois, founder and CEO of Fuse, commented: “Brokers and underwriters have access to public weather data, public disaster data, public economic data. What they haven’t had is a dedicated product that pulls all of it into one live view, filters it through a commercial-insurance lens, and keeps it updated around the clock.
Adding: “Watch is that product. It’s a live peril dashboard every commercial underwriter and every broker should have open on a second monitor. And the daily digest is for the broader market — because the first thing a good underwriter does every morning is read the market, and we want to make that easier for everyone to do.”
Watch is available now to all Fuse subscribers at fuserisk.com/alerts.
