Our mission is to protect vulnerable businesses from the financial impact of climate change.
Understory's parametric insurance allows capital to flow quickly where it is needed after a severe weather disaster, protecting everything from automobiles to the world's food supply.
Since 2005, the vast majority of economic losses caused by severe weather were uninsured.
This protection gap is only growing worse, leaving countless livelihoods exposed. Yet traditional insurers lack the tools to accurately assess and price this growing risk. Without knowing what to expect, they expect the worst and either pass along unaffordable premiums, or walk away from high-risk markets.
Traditional insurance is no longer enough.
Understory is the first company to solve the coverage crisis with parametric insurance for severe weather. With its growing network of ground-based Dot weather sensors and its Atmospheric Intelligence AI, Understory can assess and price any weather risk in the world with precision. 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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