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Insurance Edge — Catastrophic Claims

Catastrophic Claims & Property

One event. Hundreds of millions in losses. AI is the only early warning system that works at scale.

$0B
Deepwater Horizon Total Cost
$0B
PG&E Camp Fire Liability
$0
Avg Warehouse Fire Loss
$0.0M
Avg Industrial Explosion Cost
Platform in Action — Insurance Edge Overview
AI-generated demonstration — Detect Technologies insurance advantage platform
Market Overview

Catastrophic industrial losses — explosions, fires, structural collapses, and major chemical releases — represent the tail risk that defines carrier appetite for entire industry segments. The Deepwater Horizon disaster cost $145 billion. The Camp Fire generated $25 billion in utility liability. A single warehouse fire averages $128,099 in direct damage. These are the events that trigger non-renewal, market withdrawal, and E&S placement. AI-powered early warning systems — leakage detection, thermal monitoring, and structural inspection — are the only technology that can meaningfully reduce the frequency and severity of these events.

Broker Action Points
1
Carrier Appetite Restoration

For clients who have suffered catastrophic losses and face non-renewal or E&S placement, documented AI monitoring deployment is the most credible remediation story you can bring to underwriters.

2
Property Rate Negotiation

Leakage detection and thermal monitoring data provides carriers with objective evidence of reduced catastrophic risk. Use it to negotiate property rate reductions of 15–30% at renewal.

3
Parametric Trigger Documentation

AI monitoring data can serve as the objective trigger for parametric insurance products — giving clients faster claims payments and brokers a differentiated product offering.

4
Business Interruption Reduction

Early detection of equipment failures and leaks prevents the unplanned shutdowns that trigger BI claims. Quantify the BI exposure reduction as part of the total risk management ROI.

Detect Technologies Advantage

Detect Technologies' Leakage Detection platform uses RGB and IR cameras to identify fluid and gas leaks within minutes — vs. 4–8 hour operator rounds. Visual Inspections using drones and bots identify structural defects before they become catastrophic failures. These are the capabilities that prevent the events that define catastrophic loss.

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