Vave has become well known for being catastrophe (CAT) experts. It delivers precision algorithmic underwriting for high-risk residential and commercial properties in the United States.
After the devastation of Hurricane Ian across Florida in September 2022, Vave used the high-resolution aerial imagery and data analytics of the Geospatial Insurance Consortium (GIC) to improve its loss estimation and solidify its book of business.
An Unprecedented Storm
Hurricane Ian struck southwest Florida on September 28, 2022, as a Category 4 storm, smashing into major waterfront communities such as Fort Myers and Cape Coral, communities designed to maximize waterfront access. Powerful winds and storm surge cut down entire neighborhoods, pushed buildings off their foundations, cut electrical power to 2.7 million people, and did extensive damage to road infrastructure, including several causeways connecting mainland and barrier islands.
Being the CAT experts, Vave was not unprepared for a storm of this magnitude. But working around the many challenges of a hurricane’s aftermath is no small feat.
Find out more by downloading the Vave /GIC case study HERE.
