Market Insights

How Hurricane Andrew helped shape the claims industry

In 1992, Andrew became the single most physically destructive hurricane in Florida history.

By Jesse Draham | August 30, 2021 at 05:00 AM

The InsurTech industry is always on the lookout for major disruptions in the market and how to best address them. The greatest opportunities can arise from the greatest adversity, providing a great opportunity to change the status quo and improve protocols across the board. When the tools used to address these challenges succeed, they prove not only their worth in crisis but untapped potential in everyday workflows.

At Livegenic, we believe that remote and virtual inspections are one of the best ways available to tackle the mountains of claims caused by natural disasters. By capitalizing on the popularity of smartphones and powerful cellular connections, this “science-fiction” update in technology is easier than ever, just waiting to be implemented to its fullest potential by carriers and adjusters.

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