Are you an insurance executive looking for ways to mitigate the risks of power outages for your clients? Look no further than the recent installation of underground cables in Ambad, India.

According to a recent article in the Times of India, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) has laid a 200-meter underground cable in Ambad to address power outages affecting over 17,000 consumers in the area. The power disruptions were caused by two overhead power lines crossing dangerously close to each other, resulting in long power cuts for residents and entrepreneurs in the region.

As an insurance executive, you know that power outages can have serious consequences for your clients, from lost revenue to damaged equipment. But with the installation of underground cables, these risks can be mitigated. Here are some key takeaways from the Ambad installation:

• Overhead power lines crossing each other can be a major source of power disruptions. By keeping these cables at safe distances, the risk of outages can be reduced.
• Underground cables can provide a more reliable source of power, as they are less susceptible to weather-related damage and other external factors.
• By investing in infrastructure improvements like underground cables, insurance companies can help their clients mitigate the risks of power outages and ensure business continuity.

At Riskwolf, we specialize in helping insurance companies develop parametric insurance solutions that leverage real-time data to provide fast, reliable coverage for a range of risks, including power outages. With our unique real-time data and dynamic risk modeling, we can help you build and operate parametric insurance at scale, providing your clients with the protection they need to thrive.

To learn more about how Riskwolf can help you develop parametric insurance solutions for your clients, visit our website or contact us today. And don’t forget to check out the original article from the Times of India for more information on the Ambad installation.