Safehub Sensor Data as a Trigger for Parametric Earthquake Insurance
The time for smarter earthquake parametric coverage has arrived—powered by Safehub’s ability to deliver building-specific shaking data, and scalable sensor networks that enhance both site-specific and regional ground motion insights.
Smarter Sensor-Based Parametric Insurance
Parametric earthquake insurance is quickly becoming a valuable complement to traditional indemnity policies, offering faster payouts, simplified claims, and immediate liquidity when it matters most. As organizations look to strengthen financial resilience, parametric solutions are proving to be a smart and timely addition.
Existing parametric earthquake insurance products often rely on seismic data from public agencies, which can often be sparse, or overly generalized. This lack of localized data can lead to significant basis risk—especially when the goal of the policy is to reflect actual damage experienced by specific buildings or assets.
Safehub closes this gap with its low-cost, scalable sensor technology, delivering both building-specific insights from sensors in the building, and enhanced regional data through dense sensor networks. This real-time data is powering a new generation of smarter parametric policies—reducing basis risk, accelerating payouts, and delivering more reliable coverage.
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Safehub sensors are strategically installed within a building’s footprint to capture site-specific ground motion metrics, including Peak Ground Acceleration (PGA), Peak Spectral Acceleration (PSA), and Peak Ground Velocity (PGV). This high-resolution data serves as a reliable, building-level index to trigger parametric insurance payouts. When aggregated across Safehub’s dense sensor network, it also enhances regional ground-shaking data—enabling more accurate and responsive triggering for broader, non-building-specific parametric policies.
This same data, in combination with vulnerability information, can be used to provide insureds and (re)insurers building-specific damage information, through alerts & dashboard analytics, within minutes to support emergency response decisions.
Benefits of a Safehub Sensor-Based Earthquake Policy
Reduce el riesgo de base
A sensor, installed at the policyholder’s site, records how an earthquake impacts that specific site. When deployed across multiple buildings in a region, Safehub’s dense sensor network delivers enhanced, high-resolution regional shaking data—offering a far more granular and accurate foundation for parametric coverage than publicly available sources. The result is reduced basis risk: minimizing the difference between losses and payout.
Expedites Payouts
In the event of an earthquake, traditional indemnity insurance can take months—to over a year—for claims to be processed and payouts received. Even traditional parametric policies, which rely on public agency data, may be delayed while waiting for final shaking reports. In contrast, sensor-triggered parametric coverage powered by Safehub delivers site-specific shaking data within minutes—often enabling faster payouts and accelerating financial recovery.
Supports Emergency Response
Organizations that opt for a building-specific parametric earthquake policy powered by Safehub sensors gain an added layer of protection: access to near real-time damage alerts and cloud-based analytics. This enables both policyholders and (re)insurers to quickly identify impacted buildings, prioritize emergency response, and take swift action to reduce downtime and further losses.
World’s Largest Sensor-Based Earthquake Insurance Policy
Liberty Mutual Reinsurance y Safehub se asocian con la Universidad de California para proteger los campus de daños por terremotos.
Contratar un seguro paramétrico contra terremotos
Estas soluciones son especialmente pertinentes ahora. Los seguros paramétricos están cada vez más extendidos y los compradores buscan soluciones más sofisticadas que se ajusten mejor a su exposición a eventos catastróficos.
Safehub’s sensor-based insurance solution is available through Liberty Mutual Reinsurance. Liberty Mutual Re is collaborating with a range of (re)insurers, brokers, MGAs, and corporations to offer clients a reliable building-specific data source that triggers earthquake parametric policies. Reach out to us today to explore how we can integrate earthquake sensors into your insurance program, or contact your current broker to begin the process of obtaining a personalized quote.
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