The Hailios offering is now closed and is no longer accepting investments.

Hailios

Empowering our world with revolutionary environmental data

Hailios

Empowering our world with revolutionary environmental data

Colorado Springs, CO
Environment
Everyone on Earth is affected by weather. When hail falls from the sky, Hailios knows what the hail actually happened because they developed the world’s first compact, wireless hail sensor and analysis platform. For the first time, insurance companies have an accessible, granular, real-time data solution for destructive weather. With an easily-deployed sensor, Hailios supplies the world with irrefutable environmental data that dramatically improves hail insurance protection, empowers accurate AI, and contributes to a more climate-resilient future. Hailios currently focuses on hail (ie HAILios), and the sensor has the capabilities to measure wind, lightning, flood, and more with the same precision.

$0.00

raised
0
Investors
$19M
Valuation
$1.21
Price per Share
$249.26
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left

$0.00

raised
0
Investors
$19M
Valuation
$1.21
Price per Share
$249.26
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
0
Days Left
This offering ended on March 16, 2022 and is no longer accepting investments.

Reasons to Invest

 

  • Hailios has solved an expensive and complicated problem. Hail is super destructive and melts quickly, making it ghostly in nature. Hailios has developed the only ground sensor that collects granular hail data in realtime that is easy to deploy, making it highly scalable. (Patent Pending # US20200081153A1)


  • Poised to be a global supplier of environmental data. Hailios is active in the US, Australia, Canada, and Europe, working with over 18 companies across the insurance value chain, such as SwissRe, Hailsure, Berkshire Hathaway, AXA Climate, AON, Generali, and Descartes.

Overview


Fast and accurate hail claims processing


Hailios’ Eyewitness IoT sensor is the world’s first compact, wireless hail detection and analysis system (patent pending # US20200081153A1). Without Hailios, the only existing sources the insurance industry can rely on for measuring hail are based on radar and satellite data sets, significantly lacking in accuracy. Such data sets are based on estimations of what might be in a storm cloud that’s gathered from thousands of feet or even miles away. However, hail is an unpredictable weather phenomenon. Hail can be blown off its projected course and dramatically change in size as well as velocity between the time it falls from a cloud and makes impact with the ground. Hailios takes a radical approach to hail data by developing a sensor that captures data from the ground up. With their eyes looking up to the skies, the Hailios Eyewitness sensor is a scalable solution that captures irrefutable hail and other environmental data sets that become available to insurance companies in real-time. 


While some believe an accessible solution lies in applying AI to radar technology, the fact is AI will only be effective if it has large streams of accurate data. The Hailios Scoop database provides real-time, ground-truth data that helps shape the future of insurance and empower any future AI learning.



The unknowns associated with climate change and its impact on severe weather are driving the need for better data and better insurance approaches. Most important among these approaches is parametric insurance, which is fast becoming the global standard for coverage and automated weather-related claims payout. Parametric insurance automatically pays out on the basis of a pre-agreed weather trigger, such as maximum hail size or volume at a property, eliminating the need for an adjuster to assess damage. Hailios is positioned at the heart of the parametric market, able to accurately sense and understand what happens at each property or asset being insured. This innovation saves insurers and policyholders substantial money and time in the claims process, while facilitating greater climate resiliency. Hailios is working with 18+ insurance companies across the value chain to provide the data trigger for hail parametric and have the market approaching them for data solutions.                      





The Problem


Hail damage is extremely costly and can be very difficult to manage for insurers and policyholders 


The cost of hail damage was more than $36 billion in the US last year (surpassing hurricanes), as it continues to become more frequent and intense, occurring in more populated areas each year.






As the frequency of hail storms increases, insurance companies are faced with the simple problem that hail is ice, and ice melts. This makes hail extremely difficult to study or even predict since a lot can happen between the clouds (where radar measures it) and the ground. Data on hail is some of the most difficult to capture because it is hyper-localized and damage levels can vary greatly, even within a few hundred feet of one another. Insurers and policyholders need a solution for the rising gaps in coverage, but in order to provide this type of coverage (parametric insurance), they need access to accurate, granular, and localized data.





the market


Hailios’ accuracy, efficiency, and affordability is unmatched as we meet the demands of a growing multibillion-dollar market


Severe weather and climate disaster events that caused over $1 billion worth of damages have cost the US  over $2 trillion since 1980, with $1 trillion occurring in just the last decade.


The global weather information technologies market was valued at $9.41 billion in 2019,  with an expected CAGR of 8.5% through 2027, arriving at a market value of $18.07 billion. This means the market will double in size by 2027, with climate change continuing to push the need for accurate weather data collection.




New Verticals


Canceled concerts used to be few and far between. After the coronavirus outbreak and subsequent shutdowns, canceled concerts are all too familiar. These large-budget, in-person events also seek insurance policies for weather-related cancellations. 


Hailios services can be leveraged to cover more than roofs, cars, or crops. Hailios technology is being applied to more vertical markets every day. 



In addition to being hyper-accurate, our technology was designed for scale and easy set-up. The Eyewitness sensor can be shipped anywhere in the world and installed in less than 10 minutes, and immediately starts capturing and sharing data to Scoop, our centralized database and dashboard. Hailios has the easiest, more accurate, and most affordable solution available on the market.


 

THE solution


We’ve revolutionized the approach to capturing hail data


We believe our patent pending Eyewitness IoT sensor technology is unlike anything on the market today, and is able to monitor hail intensity, hail diameter, how many impacts, timestamps for each impact, temperature, barometric pressure, lightning, wind speed and direction, precipitation, solar radiation, UV and photometrics. We combine our data for hail impact with global satellite and radar data to provide the most robust event data possible. 





Our system is highly scalable and enables a wide array of benefits to insurers and policyholders alike. We partner with insurance and data companies to become their hail data provider, and collectively build parametric product(s) that incorporate our services as the data trigger. This effectively gives us wide-scale distribution through each of our partnerships. 


We offer our hardware, connectivity, cloud service, 24/7 monitoring, maintenance and data as a simple subscription service. Our partners use their existing distribution channels to sell the parametric products to their customers (auto dealerships, farms, apartment building owners, etc.), which allows us to organically build out broader networks of sensors to be used in other low cost solutions and services for other verticals, like ‘Smart Neighborhoods’, which we are pioneering with a major retail insurance partner.





our traction


We are working with over 18 companies on three different continents, and have received numerous awards for our innovation


We are active in the US, Australia, Canada, and Europe, working with over 18 companies across the insurance value chain, such as SwissRe, AXA Climate, AON, Generali, Descartes, McGowan Companies, RSG-Allrisks, Berkshire Hathaway, SCOR, MunichRe, Marsh, Hailsure, Renewable Guard, and Amwins. 


With 99% SaaS renewals year over year, we have active customers in key verticals such as auto dealerships, agriculture, municipalities, multi-family, commercial, and residential.




In addition, Hailios has received the following recognition and awards:

  • Named 1 of 11 “InsurTechs to watch in 2021” by Property Casualty 360

  • Named a “2021 Insurtech Impact 25” honoree by Oxbow Partners

  • Google Climate Accelerator nominee (2021)

  • Lloyd’s of London, Lloyd’s Lab Cohort 5 (2020)

  • Plug and Play Accelerator Finalist (2019)

  • Hartford Insurtech Hub finalist  (2018)





Why Invest


Our proven proprietary technology has massive market potential  


Our product is fully developed and live on the market in three different continents, and we are currently looking to expand our partners and do a “land grab” to edge out current and future competitors. Our vision is to be the industry leader for hail data collection, as the most hyper-local environmental data solution in the world. As we continue to aggregate the data points of each sensor we deploy, we believe we will be able to provide the most accurate historical and forecasting data available. 

Hailios is already working with over 18 different companies across numerous verticals within the insurance value chain, and we’ve only just scratched the surface of our potential market. With each insurance or data partnership, we have tens of millions in potential subscription revenue. As the global weather information technologies market exceeds $10 billion and parametric insurance becomes the global standard, Hailios is well-positioned for success. We believe our proprietary ground up approach to hail detection and analysis is simply unparalleled by any radar or satellite system out there.   


At any moment, every human on Earth is susceptible to weather. While we are all affected by it, we are not equally protected. Our sensors take traditional insurance from a speculative and reactive industry, limited by time and human resources, to real-time facts. Insurance backed by data means faster payouts, less fraud, and overall better protection for more people. 


A lot of startups have to convince you of their market: ours is Earth. We believe our product fits anywhere and everywhere weather happens. As our web of connectivity grows, we project our data will power more solutions. 


Invest in Hailios now to help build a more connected and climate-resilient future. 

In the Press

Artemis

Hailios aims to close the hail insurance gap with parametrics & sensors

NU Property Casualty 360

11 InsurTechs to watch in 2021

Insurance Journal

Lloyd's Selects 10 Insurtechs for Its Innovation Accelerator, Focusing on COVID-19 Risks

Inside P&C

Four US InsurTech firms to join Lloyd's Lab

Reinsurance News

Lloyd's selects ten insurtechs for cohort coused on COVID-19 risks

Oxbow Partners

2021 Insurtech Impact 25

Offering Summary


Company

:

Hailios, Inc.

Corporate Address

:

102 W Colorado Ave, Colorado Springs, CO 80903

Offering Minimum

:

$9,999.44

Offering Maximum

:

$1,069,998.16

Minimum Investment Amount

(per investor)

:

$249.26











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

8,264

Maximum Number of Shares Offered

:

884,296

Price per Share

:

$1.21

Pre-Money Valuation

:

$19,031,904.87











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Company Perks*

$1000 - Tier I - Invest $1,000, and receive 5% bonus shares.

$5000 - Tier II Invest $5,000, and receive 10% bonus shares.

$10000 - Tier III Invest $10,000, and receive 15% bonus shares.

$25000 - Tier IV Invest $25,000, and receive 20% bonus shares.

*All perks occur when the offering is completed.




The 10% StartEngine Owners' Bonus

Hailios will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.21 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $121. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Voting Rights of Securities Sold in this Offering

Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$431,724.00 USD
$187,690.00 USD
Cash And Cash Equivalents
$112,515.00 USD
$157,292.00 USD
Accounts Receivable
$3,000.00 USD
$0.00 USD
Short Term Debt
$1,485,206.00 USD
$230,897.00 USD
Long Term Debt
$540,000.00 USD
$775,000.00 USD
Revenues And Sales
$130,063.00 USD
$31,000.00 USD
Costs Of Goods Sold
$16,314.00 USD
$3,685.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$785,275.00 USD
-$714,224.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Pink Floyd's "Money" on rotation for #MusicMonday

3 months ago

The song "Money" by Pink Floyd was an instant hit in the United States when it was first released as a single in 1973, and that launched the beginning of American's infatuation with the iconic English rock band. The album that featured "Money" went on to become one of the most critically acclaimed, historically and culturally significant studio recordings. Today, Dark Side of the Moon is still considered one of the best albums of all time. 


"Money" by Pink Floyd
released May, 1973


🎶Money, well get back
or invest in Hailios
and grow your own stack  


#MusicMonday #TeamHailios #ClimateData #BigData #BigMarket

"For the Hail of It" cover story in Sunday edition of The Gazette newspaper

3 months ago

Published on Sunday, January 30, 2022 in The Gazette, Pulitzer Prize Winner: written by Wayne Heilman, business writer

FOR THE HAIL OF IT 

A Colorado Springs-based startup is looking for the skies to open and the hail to fall.

Hailios will be testing its hail monitoring device in up to 20 neighborhoods in Colorado Springs, Denver and Dallas with a major insurer that will use it to offer a new type of hail insurance. The startup developed the sensor to measure the size of hail and duration of a storm for a new type of insurance, called "parametric" coverage, that bases claims payouts on the size of hail and duration of the storm.

Hailios founder and CEO Lucas Schiff declined to name the insurer, but said the test is designed to be a "proof of concept" for parametric coverage to show its feasibility in helping combat skyrocketing hail coverage premiums.

The test will largely be conducted at auto dealerships and other commercial buildings that typically suffer major losses in large hailstorms, including the Motor City area southwest of downtown Colorado Springs and the Powers Autopark near Woodmen Road and Powers Boulevard, Schiff said. More frequent and severe hailstorms have prompted some local dealerships as well as auto rental companies at the Colorado Springs Airport to build parking garages or carports to protect vehicles from hail.

"Insurance premiums for both homeowners and commercial policyholders have skyrocketed because of the lack of data on hailstorms," Schiff said. "Insurance companies are paying out claims (with little verification) for fear of losing customers, which has dramatically increased losses and eventually rates. That has led to this new type of coverage called parametric insurance that pays if hail reaches a certain size."

Schiff said he is positioning Hailios as an "unbiased third-party provider of data" on hail that can be trusted by both insurers and policyholders. The 16-pound, solar-powered device is light enough and small enough that it can be attached to the shingles on a roof or mounted on a pole to measure hail in a farm field. The sensor, available on an annual subscription for about $1,500, measures hail size by recording vibrations of hail hitting its glass surface and calculating the kinetic energy the impact produces. It sends data via a wireless connection directly to insurers.

Hailios, which has 11 employees, is preparing for the growth that may come if the test is successful. The company raised $2.7 million last year from wealthy investors called "angels," who are often the first outside funders for startups at the earliest stages. Hailios is currently running an equity crowdfunding campaign on a platform called StartEngine that takes investments for as small as $250.

"What this could mean is that this device could pave the way for Colorado Springs to be one of the first cities in nation to have this low-cost solution for homeowners policies," Schiff said. "If this test goes well, we will need to figure out how to do this on a much larger scale and roll this out with a majority of the major insurers. In three to five years, my goal is for Hailios to be the dominant provider worldwide of hail data."

Schiff believes the market for the company's hail-measurement device, called Eyewitness, is huge — hail causes $36 billion a year in damage worldwide to agricultural crops, vehicles, homes and commercial buildings. The three largest insurance loss catastrophes in Colorado are all hailstorms, ahead of the East Troublesome, Waldo Canyon and Black Forest fires, according to the Parker-based Rocky Mountain Insurance Information Association.

Hailios already works with 18 major insurers, including SwissRe, Hailsure, Berkshire Hathaway Specialty Insurance, AXA Climate, AON, Generali and Descartes in the U.S., Canada and Europe. Besides the upcoming test in Colorado Springs and Denver, the Eyewitness device also is being tested in Australia and New Zealand to measure hail for parametric coverage in kiwi, mango and macadamia nut farms. About 200 Eyewitness devices are in use worldwide.

Richard Duer, CEO of South Carolina-based Hailsure, said the company has been using the devices for about 2½ years, mostly with car dealers, apartment complexes and golf courses for parametric hail insurance policies it administers for major insurance carriers. Duer, who lives in Colorado Springs, had been searching for a hail-measuring device and was happy to find Hailios in the same city.

"We have found this product invaluable. It is important to know what kind of weather happened at a specific location and hail is very localized — the damage can be very different in properties across the street from one another," Duer said. "This is the only product in the world that is accurate enough for this type of coverage — it is accepted by the five largest insurance companies in the world."

Schiff is a serial entrepreneur — he started four other companies before Hailios. Three of the companies still exist — a commercial lighting control company has expanded into measuring indoor air quality and other environmental sensing technology, a solar lighting company was sold and Schiff still operates a company that helps entrepreneurs turn ideas into marketable products. Another lighting control company shut down when it could not secure financing.

Schiff started Hailios nearly five years ago while he was CEO and founder of Nimbus 9, the lighting control company. He launched Hailios with Carsten Neufing, who Schiff befriended while working for Neufing's Fast Video Security startup nearly 20 years ago.

"Carsten reached out to me six years ago about a friend in the roofing business who was frustrated there was no data on how hail impacted buildings," Schiff said. "I had some information from Nimbus but realized this idea needed to be on its own platform (a separate company), so I transitioned out of Nimbus and adopted this idea full time." That was in partnership with Neufing, who is chief technology officer of Hailios.

The technology for the Eyewitness device was developed by researchers at Saarland University in Germany and adapted by Hailios to make the device smaller, lighter and more accurate in detecting hail. Schiff looked to the insurance industry as the target customer — one that needed an unbiased source of data on hailstorms. The device is now in its fifth generation and is a fraction of the weight and size of the original version.

Hailos first tested its device in 2018, chasing severe thunderstorms across Nebraska and Colorado before hitting the mother lode with a monster storm that hit Fountain. The storm pelted the city with tennis ball-sized hail that resulted in 84,500 auto and homeowners claims totaling more than $350 million, then the sixth-most damaging storm in Colorado history, according to the Rocky Mountain Insurance Information Association.

"We were in our new car and had to set up the station with a GoPro camera so that we could validate the sensor technology during an actual hailstorm," Schiff said. "Fortunately, we were able to get it set up and move to a safe location before the storm arrived. The results of that test gave birth to the current design of our sensor, which can also measure wind speed, temperature, precipitation, lightning and flooding."

The company is developing artificial intelligence that would allow it to use sensors to measure hail in a larger area such as an entire neighborhood, rather than just a single home. Schiff said that technology could be key to how the company could expand the use of the sensor on a much larger scale.

Lucas Schiff drops a large piece of ice unto a 5th generation hail monitoring device. Lucas Schiff is the co-founder and CEO of Hailios, a Colorado Springs-based company that has developed a lightweight, portable sensor to measure the size and duration of hailstorms. Photo by Jerilee Bennett, The Gazette

A lightweight, portable sensor to monitor hailstorms has been developed at Hailios, a Colorado Springs-based company. CEO Lucas Schiff and marketing director Nicole Anthony stand between boxes of sensors in their warehouse. Photo by Jerilee Bennett, The Gazette 

 



"Can't buy me love" by The Beatles highlights what you can buy on #MusicMonday

4 months ago

The Beatles famously belted out "money can't buy you love," and we're bobbing our heads in agreement this #MusicMonday. But we're also pondering all the good we can do with money. To start, investing in a company changing the future of hail insurance and climate data with revolutionary technology (that's us, Hailios!). 

Investing in Hailios expands our ability to collect hyper accurate, hyper local and granular environmental data that can be leveraged to help the people, communities, and businesses we love. Hailios supports a more climate resilient future, and we love that. 


"Can't Buy Me Love" by The Beatles
released March, 1964


🎶Can't buy my love, love
Can't buy my love
But I'll buy you shares in Hailios
if it makes you feel alright

#MusicMonday #TeamHailios #HailDataSolved

$1 Million Payout in 24 Hours: Colorado Case Study

4 months ago

Hailios in Action: Eyewitness made a $1 million payout possible in 24 hours in Colorado Springs

Here's a snapshot from a case study based on dealerships in Colorado, USA where Hailios was able to leverage our technologies and services to facilitate the payout of insurance claims within 24 hours following a storm. Hailios makes it easy to explore the capabilities of our technologies, highlight the industries we serve, and reimagine what's possible with the data we make accessible.


HAILAGEDDON 2020 August 5, 2020, Motor City, Colorado Springs, CO, USA 

Hail began falling 11 seconds after 3:53p and lasted for 19 minutes
High concentration of hail with 193 hail stones striking an area of 1.5 square feet
2.083 inch hail stone captured with average hail size being 0.6149 inches
40 strikes recorded in 1 second at height of the storm

Dealerships saw millions in damage from hail. Hailios supported insurance claims being processed within 24 hours thanks to the data captured by our Eyewitness sensors.


"Hailios is critical to the HailSure parametric insurance program. Over the past summer, Hailios’ sensors provided data on three auto dealerships involved in a significant hailstorm. The granularity of the data allowed the dealers to collect a 25% greater payout than using radar alone. We are confident that no other data partner can provide the detail needed to trigger parametric hail claims."  —Richard Duer, CEO of HailSure


Hailios makes fast, accurate hail claims processing possible. Don't get stuck after a storm. Get Hailios

"If I had a million dollars" by the Barenaked Ladies is inspiring us on #MusicMonday

4 months ago

It probably comes as no surprise that there are many weather nerds on Team Hailios. But everyone is also a music nerd, and so we like to share a song that relates to the weather or whatever may be happening with Hailios every #MusicMonday. 

For the launch of our StartEngine campaign, this song is too fitting: 


"If I Had A Million Dollars" by the Barenaked Ladies
released December, 1992


🎶If I had a million dollars
I would buy direct ownership
in a company that is changing the InsurTech game.
Oh wait... that's us!


#MusicMonday #TeamHailios #HailYeah

It takes two to mango, Hailios expands to Australia

5 months ago

Hailios Expands to Australia! Eyewitness is now protecting mangoes and other high-value agriculture


Hold onto your mangoes, here comes the hail. Indeed, farmers down under are keen to protect their fruit and nuts from the severe hailstorms that are a big problem there. But some can now rest easier as Hailios ground sensors have begun to provide farmers in Australia and New Zealand with access to better coverage through parametric hail insurance that its innovative technology underpins. The company is the developer of the world’s first compact, scalable and wireless hail detection and analysis system, and acts as a third-party data provider for parametric coverage, primarily, that’s being offered by its partners in Australia like Descartes, with backing from multiple large reinsurers.

The company is already involved in protecting several orchards there, from kiwis to macadamia nuts. And the operators of those farms plan massive rollouts in 2022 because traditional indemnity-style hail insurance has been expensive, slow and inadequate. Before Hailios came along, though, there wasn’t a feasible, accurate source of hail data to underwrite parametric policies, which enable much faster payouts and more inclusive protection.   

With its ground-truth sensors, Hailios is solving the hard market for hail insurance, which has been a problem in all hail-prone regions around the world. Its technology surpasses inaccurate radar-derived hail data to enable faster paying and more inclusive protection via revolutionary parametric hail insurance.

Rob McMullan, Vice President of Business & Corporate Development at Hailios, explained that “there’ve been times when we thought, this is too hard, maybe instead we should just create an Internet of Baguettes connecting lovers of crusty bread everywhere, or something like that. Investors and customers would certainly be hungry for that. But nope, we stuck with IoT in the form of scalable hail sensors, because no one else has that and because hail caused $200B+ damage in the last decade and it’s rising with climate change. Fortunately, we finally solved the tech and now all the leading insurance players are saying they need accurate and scalable hail data that only our sensors can provide.  We’ll save the baguettes idea for another day.”

McMullan adds that, “Seriously, though, we’re very pleased that Hailios’ hyper-accurate hail data is now helping to enhance climate resilience and food security in Australia as it has been doing since launching last year in the United States.” 

Ben Qin, Head of North Asia and Australia for leading tech-centric MGA Descartes Underwriting, echoes that sentiment, saying “Hailios has developed a world class system that we use in Australia and elsewhere to confidently and efficiently underwrite parametric hail policies, which help to better protect farmers and other vulnerable asset owners.”  

Fast, accurate hail claims processing wasn't possible. Until now -- see what's possible with Hailios.

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