Curated News
By: NewsRamp Editorial Staff
July 31, 2025
Adaptive Insurance & Whisker Labs Revolutionize Power Outage Coverage
TLDR
- Adaptive Insurance's integration with Whisker Labs' Ting Insights offers businesses a competitive edge by providing real-time, accurate power outage data for faster insurance claims and payouts.
- GridProtect utilizes Ting Insights' AI-enabled sensors to monitor the U.S. electrical grid, ensuring precise outage detection and automated claims processing for businesses.
- This partnership enhances business resilience against power outages, contributing to a safer, more reliable electrical grid and supporting communities during extreme weather events.
- Discover how a tiny sensor can revolutionize insurance by turning real-time grid data into instant payouts for businesses affected by power outages.
Impact - Why it Matters
This partnership is a game-changer for businesses reliant on continuous power, offering a faster, more transparent insurance claim process during outages. In an era of increasing grid instability and extreme weather, the ability to quickly recover from power losses is crucial for operational continuity and financial stability. The integration of real-time grid intelligence into insurance products represents a significant leap forward in risk management, providing businesses with the confidence and support they need to navigate the challenges of a changing climate and aging infrastructure.
Summary
In a groundbreaking move, Adaptive Insurance has partnered with Whisker Labs to integrate the latter's Ting Insights into its GridProtect product, revolutionizing power outage insurance. This collaboration introduces a data-driven approach to verifying and processing claims, leveraging a vast network of AI-enabled sensors for real-time grid monitoring. The integration promises to eliminate the traditional delays and disputes in power outage claims, offering businesses faster, more accurate coverage execution. Arik Yelovitch, CTO and Co-Founder of Adaptive, emphasizes the importance of real-time data in providing swift financial support to businesses during critical times. Similarly, Bob Marshall, CEO of Whisker Labs, highlights the clarity and reliability Ting Insights brings to grid monitoring, ensuring safer and more reliable power delivery.
The partnership between Adaptive and Whisker Labs marks a significant advancement in business interruption insurance, tailored for the challenges of today's aging electrical grid and increasing extreme weather events. GridProtect's parametric insurance model, enhanced by Ting Insights' real-time data, ensures that businesses affected by power outages can recover more quickly, with pre-agreed payouts triggered automatically upon outage detection. This innovation not only improves the insurance claim process but also contributes to broader grid resilience and safety, showcasing the potential of technology to transform traditional industries.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Adaptive Insurance & Whisker Labs Revolutionize Power Outage Coverage
