Natural Catastrophe response

Challenge  

• Existing manual approach for sourcing natural disaster data and estimating costs hindered rapid response to high-impact events
• Delays in the reserving process limited strategic decision- making
• Seamless integration of diverse organizational data and rapid, accurate processing was required

Solution  

• Delivered a working PoC within 3 months capable of estimating loss magnitudes
• Developed a system that took catastrophe details as input, automatically retrieved affiliated risks, and calculated potential impacts
• Required extensive incremental pipeline optimization and advanced TypeScript functions, integrating multiple parts of the organization into a seamless pipeline

Results  

• Transformed operational responsiveness, enabling the board to assess and respond to potential losses within 24 hours
• Significantly enhanced decision-making for high-value claims
• Became a flagship business-impact initiative with visibility and backing from the group CEO