Understory

Understory is an insurance company focused on providing solutions built for the era of climate change. They specialize in addressing the growing threat of severe weather risks, particularly in industries vulnerable to such events. Their approach involves utilizing a proprietary hyperlocal climate risk engine powered by a global network of ground-based Dot weather sensors. These sensors provide highly accurate, real-time weather data that allows Understory to assess and price risks with unprecedented precision.

Understory offers various insurance products, including Dealers Open Lot insurance for dealerships and Auto-Hail Safe, a supplemental hail insurance for dealerships. Their technology platform and risk mitigation strategies aim to provide stable and affordable premiums while also offering faster claims processing and improved loss control measures. Understory is headquartered in Madison, Wisconsin, and has a team spread across North America and Europe.

Understory offers a variety of work arrangements, with team members located across North America and Europe, suggesting a flexible work environment. While specific details about remote work policies are not provided, the company's geographical spread indicates the possibility of remote or hybrid work options for some positions.

Understory's mission is to provide innovative insurance solutions that address the increasing threat of severe weather events. They aim to protect livelihoods and businesses by leveraging their advanced weather risk models, which are powered by a global network of ground-based Dot weather sensors. Their goal is to make insurance more affordable and accessible, while also enabling faster and more efficient claims processing in the wake of natural disasters.

Understory fosters a collaborative and innovative culture focused on protecting businesses from the growing threat of severe weather. They value transparency, data-driven solutions, and the ability to quickly adapt to changing climate conditions. With a global team of diverse experts, they encourage open communication and a commitment to developing and deploying cutting-edge technology that revolutionizes the insurance industry.

Understory does not explicitly state its approach to diversity, equity, and inclusion on their website.