Critical event solutions provider Everbridge and broker Brown & Brown have teamed up to develop a new product that aims to enable property and casualty insureds to benefit from advanced alerting of events that may impact their insured properties.
Brown & Brown will launch the new product later this year, using Everbridge’s CEM platform to help customers mitigate critical events before they occur, and offering recommendations on the actions that could be taken to minimise disruption, cost or potential threats to personal safety
Eric Kasen, president of Brown & Brown, said: “We are unveiling an industry-first product in the property and casualty insurance market that offers a proactive approach to mitigating loss. Everbridge’s unique risk intelligence data allows us to offer our customers advanced notifications to help protect property and people, as well as best practices and recommendations to limit or mitigate impact. We find significant value in being able to provide ongoing engagement with our customers – in advance of, during and after a critical event.”
An early release of the product is already in use by a large multi-national manufacturer to notify security managers at more than 200 facilities across the US of oncoming severe weather, wildfires, flooding or other events that could impact their operations and people.
Kasen added: “This offering is the first in a series of innovative technology-enabled products and services being developed through our collaboration with Everbridge, with the goal of introducing a cyber insurance product soon.”
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