Hear how industry leaders use SpatialKey to better write, manage and analyze risk across their books of business.
In order to provide timely and accurate information to the right people, Holborn, a leading reinsurance broker, wanted a more advanced way to know when weather-hazard events occur—and to what extent they did impact or will impact the broker’s carrier clients. This means Holborn needs to not only know when and where events occur, but also the potential impact to their clients’ reinsurance contract, claims staff, CEO, and other stakeholders.
Catastrophe risks are evolving and require a new approach to event response. The use of automated technology helps keep our clients ahead of the curve. SpatialKey now provides event notifications to our clients in near real-time, with actionable and customized information. Holborn and SpatialKey both understand our clients’ needs for a competitive advantage. This new system includes features stemming from our ongoing collaboration and we are delighted to have had the opportunity to partner with SpatialKey to develop a high-tech, flexible solution to address event management and response. Bottom line, we can deliver timely, detailed, event-level information to our clients so they, in turn, can expeditiously serve their insureds.
Scott Rosenthal, SVP & Head of Analytics at Holborn
Data analytics is a key differentiator in how we operate, compete, select risks, and proactively manage our portfolio. With SpatialKey, we have empowered our underwriters and analytic teams with actionable information to improve risk selection and portfolio performance.
Jen Klobnak, Senior Vice President, Risk Services at RLI
SpatialKey stood head and shoulders above other solutions, and we have rolled it out across our clients since June 2010 to universal acclaim. The reaction has been remarkable; it is a game changer in our sector. We look forward to working with SpatialKey in the coming months and years to not just map the property reinsurance landscape, but to transform it.
Rowan Douglas, CEO Global Analytics, Willis RE
SpatialKey helps us assess and present aggregate risk in a far more visually compelling way. Its speed, interactivity, and ability to handle large data sets enable us to work faster and with greater flexibility.
Matt Stephens, AEGIS London
The collaboration between SpatialKey and IHS Markit has enlightened our process for analysing terrorism risks and managing accumulations. Through SpatialKey’s platform, our underwriters and exposure managers have direct and immediate access to political violence risk index data from IHS Markit, empowering them to leverage political violence data against our current and new exposures. This, combined with SpatialKey’s visualizations and tailored workflow, leads to more and better data-informed decisions. We’re thrilled to see this collaboration come to life and believe that it will further empower our terror insights.
Steven Tebbutt, Global Practice Leader for Political Violence at Talbot Underwriting
With SpatialKey, we can offer our clients unprecedented access to the right data at the right time to manage their response to catastrophes. SpatialKey's intuitive, purpose-built applications and compelling visual analytics help us deliver business-critical event intelligence in moments. We look forward to many breakthroughs in insurance analytics with SpatialKey.
Vaughn Jensen, EVP Catastrophe Management Services, Willis Re
Willis Re's Catastrophe Management Services (CMS) team is tasked with helping its insurance clients quantify and understand their exposures to natural hazards such as hurricanes, tornadoes, and wildfires.
SpatialKey’s event response solution will provide our claims and support teams with more immediate access to the critical data needed to proactively serve our policyholders when events occur. Having the ability to define specific criteria that are important to our business will enable us to quickly act on relevant information, while gaining better insight on the financial impact of events.
Jen Klobnak, RLI Insurance Company Senior Vice President of Operations.
I'd like to take this opportunity to say thanks to you and your staff on behalf of AAIC and our Farm Bureau clients. Your product has been a great help to us all this last year. An important aspect of this is that we have encountered virtually no bugs or downtime or speed issues.
I know that doesn't magically happen on its own. Thanks for what I'm sure is a significant amount of attention you pay to reliability.
Brian Cook, Marketing Manager, American Agricultural Insurance Company
SpatialKey's industry-leading, easy-to-use visual analytics accelerate our evaluation of cedant exposures as we can quickly interrogate exposure and modeled loss data to build a clear understanding of prospective risk
Jason M. Miller, Chief Operating Officer, Validus Research Inc.
The partnership between SpatialKey and JBA is a perfect example of collaboration between experts whose shared aim is to enhance our clients’ businesses. We are delighted that our combined knowledge and understanding of the re-insurance industry is producing innovative and creative results. The new Underwriting application is the first of these and we are confident that it will enable insurers to make swift yet sound underwriting decisions.
Jane Toothill, Director, JBA Risk Management Limited