Our mission is to protect vulnerable businesses from the financial impact of climate change.
Since 2005, the vast majority of economic losses caused by severe weather were uninsured.
Traditional insurers lack the tools to accurately assess and price this unprecedented risk. As a result, coverage is becoming unaffordable or unavailable when it’s needed most.
Traditional insurance is no longer enough.
Understory is closing the climate coverage gap with insurance products built atop its unrivaled weather risk model, allowing the company to assess and price severe weather risks around the world with precision. The model is powered by a growing, global network of ground-based Dot weather sensors, the most accurate, maintenance-free and fraud-proof weather sensor that can be affordably deployed. When severe weather strikes, Understory detects it and triggers a payout without the typical, burdensome claims process. Ultimately, Understory allows capital to quickly flow where it’s needed after a disaster, protecting everything from automobiles to the world’s food supply.
Understory is headquartered in Madison, Wisconsin, with team members across North America and Europe.
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A RECOGNIZED LEADER IN PARAMETRIC INSURANCE
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