Understory
Understory is an insurtech company founded in 2012 and headquartered in Madison, Wisconsin, that provides insurance solutions designed for the era of climate change. The company leverages a proprietary hyperlocal climate risk engine powered by a global network of ground-based Dot weather sensors, which capture highly precise weather data to assess and price severe weather risks with accuracy. Understory's platform automates loss detection and claims processing, enabling rapid payouts without traditional claims burdens. Their technology supports profitable risk selection and loss mitigation strategies, protecting assets from severe weather events such as hail and wind. The company serves climate-vulnerable industries including automotive dealerships and agriculture, and has analyzed over 600 storms. Understory has raised $24.5 million and employs 25 committed staff, positioning itself as a recognized innovator in the insurtech space with a digital insurance platform that integrates advanced data science, machine learning, and real-time underwriting.
Understory
Understory is an insurtech company founded in 2012 and headquartered in Madison, Wisconsin, that provides insurance solutions designed for the era of climate change. The company leverages a proprietary hyperlocal climate risk engine powered by a global network of ground-based Dot weather sensors, which capture highly precise weather data to assess and price severe weather risks with accuracy. Understory's platform automates loss detection and claims processing, enabling rapid payouts without traditional claims burdens. Their technology supports profitable risk selection and loss mitigation strategies, protecting assets from severe weather events such as hail and wind. The company serves climate-vulnerable industries including automotive dealerships and agriculture, and has analyzed over 600 storms. Understory has raised $24.5 million and employs 25 committed staff, positioning itself as a recognized innovator in the insurtech space with a digital insurance platform that integrates advanced data science, machine learning, and real-time underwriting.