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Five wildfire intelligence services came with FM's acquisition of FortressFire: aerial wildfire reports, property monitoring, analytics, ground inspections, and mitigation assessments.
The deal brings a platform that assesses wildfire exposure at the individual property level into a US commercial property insurer's balance sheet; financial terms were not disclosed.
FortressFire will operate as a wholly owned, independent division of FM, keeping its brand, leadership, and the six customer segments it currently serves.
What FortressFire's platform delivers FortressFire pairs machine learning with physics-based fire modelling to produce wildfire risk assessments at the individual property level.
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