Insurity Acquires SpatialKey, Inc., a Leader in P&C Geospatial Analytics
Acquisition further strengthens Insurity’s industry-leading data and analytics solutions, and will help insurers better select and manage risk, and respond to catastrophes
Hartford, CT – January 8, 2020 — Insurity, Inc., a leading provider of cloud solutions and data analytics for the world’s largest insurers, brokers, and MGAs, today announced that it has completed the acquisition of SpatialKey, Inc. Along with Insurity’s 2017 acquisition of Valen Analytics, the SpatialKey transaction will broaden Insurity’s data and analytics offerings.
SpatialKey Releases the Next Iteration of its Automated Event Notification Solution for P&C Insurers, Including Hurricane and Storm Surge Alerts & Analysis
P&C insurers can now understand the immediate business impact of hurricanes, cyclones, and typhoons, as well as U.S. severe storms with SpatialKey's next iteration of its automated events notifications solution. SpatialKey is pleased to launch the next iteration of its automated event notifications solution which, in addition to providing 24/7 event notifications and analysis for severe storms, will now provide event alerts for hurricanes, cyclones, and typhoons, including both wind and storm surge analysis. SpatialKey, known for its global data enrichment and geospatial analytics platform, will now help property and casualty (P&C) insurers understand the immediate business impact of hurricanes, cyclones, and typhoons, along with U.S. severe storms events by leveraging leading weather data from WeatherGuidance, NOAA, and Kinetic, as well as raster data support, to power event enhancements.
Willis Re delivers U.S. wildfire risk underwriting insight to clients
Recent and devastating wildfires in California revealed that many carriers do not have a good handle on their wildfire risk, largely due to existing industry models which do not accurately represent the hazard. To help clients bridge this gap, in 2016 Willis Re initiated development of a wildfire risk score. Today, Willis Re in partnership with SpatialKey, a leading data enrichment and geospatial analytics hub for the P&C industry, have enhanced this solution in order to deliver to clients at their point of quote.
SpatialKey Launches Automated Event Notification and Analysis Solution for P&C Insurers
SpatialKey is pleased to launch the initial offering of its automated event notifications solution which provides 24/7 severe storms event notifications and analysis using weather data from WeatherGuidance. SpatialKey, known for its global data enrichment and geospatial analytics platform, will now help property and casualty (P&C) insurers understand the immediate business impact of US severe storms events by leveraging leading weather data to power event enhancements.
Streamlined access to JBA's 5m Florida flood maps
Global flood expert, JBA Risk Management (JBA), and leading data enrichment and geospatial insurance analytics firm, SpatialKey, have collaborated to provide JBA’s new 5 meter flood maps and associated pricing data to insurers who underwrite and manage flood risk in the state of Florida.
SpatialKey and IHS Markit Collaborate to Offer Political Violence Risk Intelligence Data to Insurers
SpatialKey Inc. (SpatialKey) is pleased to offer its insurance clients access to market-leading political violence data from IHS Markit (Nasdaq: INFO). IHS Markit provides comprehensive location-specific risk scores and in-depth intelligence, which is immediately available to underwriters and exposure managers within SpatialKey’s geospatial insurance analytics platform.
SpatialKey and KatRisk Partner to Deliver New U.S. Flood Solution
SpatialKey Inc. and KatRisk LLC have announced their partnership to offer an unmatched U.S. flood solution to enable re/insurers to identify and monitor portfolio flood accumulations and to optimize risk selection at the point of sale.
SpatialKey and JBA Risk Management Announce Partnership to Deliver Flood Risk Solutions Worldwide
SpatialKey, Inc. and JBA Risk Management Limited today announced their partnership and collaborative commitment to building innovative flood risk solutions for the insurance industry.
SpatialKey ranked on 2017 Top Company Cultures List Presented by Entrepreneur and Culture IQ
SpatialKey secured 15th place in the Small Company category of Entrepreneur’s Top Company Cultures list. SpatialKey is recognized for creating an exceptional culture that drives employee engagement, exceeds employee expectations, and directly impacts company success..
SpatialKey Names Insurance Industry Expert Bret Stone as President
SpatialKey Inc. (SpatialKey) announces Bret Stone has been appointed to President of SpatialKey. Mr. Stone, a long-time veteran of the insurance industry, previously held the position of COO at SpatialKey.