Business: Insurance

Safehub and the Global Earthquake Model (GEM) Partner to Incorporate Sensor Technology into Risk Modeling

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SAN FRANCISCO (PRWEB)

Safehub, a global data platform and enterprise technology company delivering real-time, building-specific earthquake damage information, today announced its partnership with the GEM (Global Earthquake Model) Foundation that includes sponsorship of the organization, placing Safehub in the position of advisor to insurers that are looking to understand the incorporation of sensor data into their overall risk mitigation strategy.

GEM is at the cutting edge of earthquake science and technology, supporting the insurance industry and governments globally, and Safehub is the first sensor company to align with GEM, paving the way for a future where sensor technology is a ubiquitous part of resilience in business.

Safehub’s sponsorship of GEM, and sensor technology as a whole, will generate insights that will demonstrate its intrinsic value to the insurance industry and, ultimately, all businesses and government entities. Sensor technology is poised to enable new products, make business more efficient and eventually become a standard for insurance companies, risk professionals and scientists to create resilient businesses and mitigate losses from infrequent, but disproportionately catastrophic events. Specifically, the information from sensors and improved vulnerability estimates will be useful to insurance companies, building owners, risk managers, and business continuity professionals for risk transfer and planning purposes or post-earthquake response, including evacuation.

“Partnering with GEM is the next step in the evolution and recognition of the importance of sensor technology for resiliency,” said Andy Thompson, CEO of Safehub. “We partnered with GEM because the organization is the most forward-thinking and is continually innovating on solutions to achieve profound, lasting reductions in earthquake risk worldwide.”

Safehub’s sensors are affordable, and easy to install and the data generated on its proprietary dashboard, delivered via text and email, can determine if a building is damaged from an earthquake in minutes.

“Safehub’s advisory role with GEM is the next natural step in realizing the advantage that sensor technology provides,” said John Schneider, GEM Secretary General. “The organizations we work with, insurers, risk modelers, and scientists, are innovative and benefit in a profound way to solutions that enable the accuracy of the information they need to be resilient and make the most informed decisions that will influence future events.”

To learn more about Safehub, visit http://www.safehub.io.

About Safehub

Based in San Francisco, Safehub provides organizations with real-time, building-specific earthquake damage information to expedite emergency response and recovery. Through its cloud-based Safehub platform, business continuity and resilience managers are able to prioritize building assessments and resources while resuming operations as quickly as possible. For more information, please visit http://www.safehub.io.

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