Decoding the data: Is another Australian bushfire disaster looming?

December 13, 2023

Share on LinkedIn Share on Facebook Share on X

The devastating Black Summer bushfires of 2019/2020 in Australia had record-breaking insured losses — serving as a critical reminder of the intricate relationship between climate patterns and their impact on businesses. As we stand on the precipice of similar weather catastrophes, the question remains: can we improve the way we prepare for and respond to such events?

While climatologists have long harnessed climate data to forecast environmental patterns, a parallel in the world of business interruption (BI) claims has been conspicuously absent — a gap we are now closing using data science. 

In this article, we explore the potential for major bushfires in the 2023/2024 summer, as well as what our data indicates could be the implications for business interruption claims.

Tags: Australia, Business interruption, CAT Claim, Cat Insights, CAT Respnose, CAT response, Catastrophe, claim, Claims, climate, climate change, environment, environmental, Fire, Fire damage, Fire investigations, international, Property, Restoring property, Weather, wildfires