SAN FRANCISCO, Jan. 9, 2019 /PRNewswire-PRWeb/ -- Today, Metabiota, the pioneer in epidemic risk modeling, is unveiling
"As we get better at understanding how outbreak events have, and could, play out, we also are getting better at translating that information into business impacts," said Dr. Patrick Ayscue, director of epidemiology at Metabiota. "Leveraging Metabiota's unique Pathogen Sentiment Index that can estimate public fear and potential impact of these events to businesses, we're able to help companies, economies and the world become more resilient to the devastating financial setbacks related to outbreaks. And we are now realizing the full potential of these capabilities and the industries they are ready to protect."
Metabiota's research shows that outbreaks like acute flaccid myelitis (a "polio-like" illness), Zika, Avian Influenza and even seasonal influenza are not one-off scenarios but, in fact, illustrate distinct patterns. To that end, infectious diseases can and should be insured so that, like natural disasters, resources, financing and other support can be established to offset the impact. Working in collaboration with MunichRe and Marsh & McLennan, Metabiota is delivering a comprehensive methodology for quantifying the potential impacts of epidemics so that the risk can be understood and policies can be delivered to protect countries and corporations from financial setbacks related to a health crisis.
Because of Metabiota's purview into the intersection of health events and risk management, the company is revealing its predictions for the industries that are most in danger of business interruption and financial loss, as a result of an epidemic.
The Entertainment Industry: Casinos, theme parks, convention centers and to some extent, shopping malls - local tourism fuels local economies and drops when an epidemic strikes. Leveraging historically observed drops in hotel occupancy rates due to the 2003 SARS outbreak data, Metabiota's insights show that an epidemic of the same magnitude could cost just one hotel casino millions of dollars in lost gambling revenue. Additionally, during the 2015 MERS outbreak, sales from local department stores dropped by 12.4% and online retail sales increased as the outbreak prevented customers from going to public establishments. Any industry that depends on consumers' sentiment is at risk for economic loss due infectious diseases.
For more information on Metabiota and its approach, visit http://www.metabiota.com.
About Metabiota Metabiota is the pioneer in comprehensive risk analytics that help organizations and countries build resilience to epidemics and protect global public health. Built on a strong foundation of scientific expertise, including a worldwide network of on-the-ground experts, Metabiota delivers actionable, data-driven analytics to help countries and corporations mitigate complex health issues. With a strategic global presence and sustained partnerships, Metabiota's agile approach helps identify, analyze and transfer the risk associated with biological threats. The company's international footprint includes operations in nearly 20 countries and offices in San Francisco, Canada, Cameroon and the Democratic Republic of the Congo. For more information, visit http://www.metabiota.com.
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