IBM Sustainability Software - Ideas Portal


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Status Under review
Workspace Environmental Intelligence Suite: Foundation
Created by Guest
Created on Apr 11, 2024

RELATED IDEAS

Government alerts from Australia Bureau of Meteorology are urgently required for EIS Weather Alerts 2.0

Event-based alerts (eg. bushfires and floods) are important in business use cases in terms of customer engagement, risk mitigation and resource planning etc, but we don't have that in our EIS Weather Alerts 2.0 for Australia region (although our alert catalogue includes government met agencies' event-based alerts from US, Canada and Europe). Australia Bureau of Meteorology (ABOM) does provide event-based alerts in Australia, their alerts should also be added into our EIS Weather Alert catalogue!

Imagine if we have ABOM alerts, complemented by our proprietary state-of-the-art threshold-based alerts, and the Geospatial Foundation Models inference (fueled by Watsonx) potentially added into the mix in the near future, we would become one of the best (if not the best) weather alert solution providers in Australia. We have all the technology at IBM to make it happen. But at the moment, ABOM alerts is the biggest gap!

The potential car and home insurances in Australia we can talk to are as below, some of them already have weather alerts service providers, the potential market size for weather alerts are in the magnitude of USD 5-10 million, on the conservative side. Apart from insurance industry, our EIS Weather Alerts can also benefit government agencies such as State Emergency Services, NSW Rural Fire Service, Vic Country Fire Authority or even Federal Government (Services Australia).

  1. Suncorp Group

  2. IAG

  3. Allianz Australia

  4. QBE Insurance

  5. Youi

  6. RACV

  7. Budget Direct

  8. AAMI (part of the Suncorp Group)

  9. Coles Insurance

  10. Woolworths Insurance

  11. RACQ

  12. Real Insurance

  13. Huddle Insurance

  14. Westpac Insurance (including car and home insurance)

  15. GIO Insurance (part of the Suncorp Group)

  16. Commonwealth Bank Insurance (including car and home insurance)

  17. Zurich Australia

  18. AI Insurance Holdings Pty Ltd

  19. CUA Insurance

  20. Australia Post Insurance (including car and home insurance)

  21. Elders Insurance

  22. RAA Insurance

  23. RACWA Insurance

  24. HBF Insurance

  25. RACT Insurance

  26. Australian Seniors Insurance Agency

  27. Australian Unity Insurance

  28. Australian Pensioners Insurance Agency

  29. Hume Bank Insurance

  30. HSBC Insurance (including car and home insurance)

Idea priority Urgent
Needed By Yesterday (Let's go already!)
  • Post comment
  • Guest
    Reply
    |     Apr 12, 2024

    Executive Summary - Event-based alerts (eg. bushfires and floods) are important in business use cases in terms of customer engagement and risk mitigation, but we don't have that in our EIS Weather Alerts 2.0 for Australia region (although our alert catalogue includes government met agencies' event-based alerts from US, Canada and Europe). Australia Bureau of Meteorology (ABOM) provides Event-based alerts in Australia, their alerts should also be included as part of our alert catalogue. Our premium threshold-based alerts can complement ABOM's alerts to provide a complete weather alert solution for insurance and government sectors in Australia.

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