Understand the depth of your exposure to South Carolina flooding

The flooding in South Carolina was summed up best by Governor Nikki Haley when she called it, “a storm of historic proportions.” With the rains calming, residents and insurers are doing everything they can to determine next steps. Our insurance clients are turning to us to understand potential flooding experienced by their insureds.


Source: Richmond.com/weathercollection

In collaboration with KatRisk, we are able to offer a solution to help you understand your potential exposure to flooding. KatRisk has produced a footprint that represents the modeled potential flooding extent in South Carolina given the recent extreme precipitation. Currently, the exact extent of the flood and the locations of affected properties are not known, but SpatialKey can help you identify and manage those risks that may be of concern.

Where the water stands vs. how deep it goes

A large portion of South Carolina is currently exposed to significant flooding, and being able to see areas with the most severe flooding helps you know where to deploy your claims resources first. Using a sample portfolio, we see that there is $42M of potential exposure to flood depths greater than approximately 1 foot, most heavily concentrated in coastal counties.

South Carolina Flood Depths via SpatialKey and KatRisk

Quantifying your potential exposure

A quick analysis will reveal your potential exposure for properties that could be impacted by significant flooding.  For example, this image shows potential Exposed Limits of $3.1M for policies with properties in Horry County where flooding may be greater than 1 meter (~3¼ feet). Knowing where your potentially most severely affected properties are helps you prioritize your efforts.

Quantifying potential exposure to South Carolina flood via SpatialKey and KatRisk

Satellite mapping with flood depth data

Getting a bird’s eye view via a satellite map with flood depth overlays brings South Carolina to life and helps you visualize exposed locations. Here, we see a number of locations in Horry County exposed to some of the potentially deepest water. It’s easy to quickly share insured information directly with your regional claims teams, so they can mobilize their response efficiently.

Satellite mapping with South Carolina flood data via SpatialKey and KatRisk

Get in touch

We know it’s your top priority to mobilize your teams to help your insureds. In collaboration with KatRisk, we’re here to help you assess the impact of the South Carolina floods as quickly as possible, so you can focus on aiding your customers. Reach out today to learn more.

What next? Assessing the damage after the M8.3 earthquake in Chile

Last week, Chile was shaken by a significant earthquake along its central coast. According to catastrophe modeling firm AIR Worldwide, an estimated $600-$900 million in insured losses is expected.

Image credit: Martin Bernetti/AFP/Getty Images

How far does the damage spread?

This quake impacted a large radius surrounding where it struck with significant shaking felt in the nation’s capital of Santiago. Having a visual understanding of the magnitude of impact in and around the epicenter helps our clients know where to focus first. Our Earthquake app provides insurers with near real-time intelligence via shakemaps from the U.S. Geological Survey, so they can easily see and quantify the potential exposure from the event and associated aftershocks and make the most informed decisions for their customers and business.

Get in touch today. We’ll help you evaluate your exposure to the Chile earthquake, so you can effectively communicate the potential impact to stakeholders and expedite relief to your insureds.


SpatialKey Announces Addition of Robust Data Analytics and Visualization to Hail Product

SpatialKey has enhanced its hail impact analysis product with expert content from CoreLogic® to provide insurers with a faster and more accurate way to coordinate aid to their clients. By incorporating Weather Verification Services from CoreLogic, SpatialKey Hail can now:

  • Directly integrate data services from CoreLogic, so that insurers have near real-time access to hail risk intelligence.
  • Quickly evaluate and quantify potential impact of recent and historical U.S. hail events to more accurately determine the Date of Loss (DOL) and initial event reserves.
  • Facilitate improved stakeholder communication and response strategy.
  • Rapidly assess insureds impacted to maximize claims deployment, resulting in increased client satisfaction and retention.

“SpatialKey Hail unites trusted data and industry-leading visualizations, so our clients can respond to hail events with speed and confidence to enhance customer satisfaction. Integrating Weather Verification Services from CoreLogic is a reflection of SpatialKey’s commitment to giving clients the right information, right now.” Tom Link, Founder and CEO of SpatialKey  

About SpatialKey

SpatialKey is reinventing the way insurers transform data into actionable intelligence. SpatialKey solutions amplify the value of insured data and expert content through unmatched user experiences and breakthrough geospatial business intelligence. Through focused analytics and agile visualizations, SpatialKey helps more than 120 insurers understand global risk accumulations and composition, respond to live catastrophe events, and manage exposure proactively at the point of underwriting. For more information visit spatialkey.com.


Visualizing the Impact of the Butte Wildfire

SpatialKey Butte Fire Map

The Butte wildfire, blazing in California, is shaping up to be one of the worst this season. With extreme drought conditions and many standard water sources unavailable, firefighters are facing more challenges than ever in containing its spread. Using our Wildfire app, featuring wildfire perimeter data from GeoMAC and household data from the U.S. Census Bureau, we have identified potential properties affected within the perimeter, as well as within a one mile radius of the fire’s border, to visualize and quantify the potential impact.

Properties affected by the Butte wildfire

As of Thursday afternoon, approximately 1,542 properties are directly exposed to the blaze. An estimated 2,036 properties, residing within one mile of the wildfire perimeter, could be impacted depending on a number of factors contributing to its spread.


What does this mean for you?

Many of our insurance clients have been monitoring the containment efforts for the Butte wildfire as they prepare to mobilize relief to their insureds. We’re here to help look at your data quickly, so you can confidently make the right decisions. Get in touch today to assess the impact on your customers and business.