Tom Link

Tom Link

Recent Posts

It’s time to evolve how you collaborate in a data-driven world

When I first discovered how well the insurance industry collaborates, I was blown away. As an outsider, learning how agents, brokers, carriers, and reinsurers all work together to identify, write, and share risk was both overwhelming and fascinating. I was impressed at how multiple insurers participate in sharing a single risk and how each does so leveraging its unique strategy and specialty. An industry that initially seemed boring to me became artful and fascinating, even noble. I continually reflect on how this level of collaboration and risk sharing makes tremendously ambitious projects—from skyscrapers to city centers—possible. And yet, surprisingly, this industry that is so fundamentally built upon collaboration seems to lag far behind its peers when it comes to technology innovation and collaboration.

Hurricane Forecast App helps insurers monitor Hurricane Issac

SpatialKey's Hurricane Forecast App is currently being used by our customers in the insurance industry to monitor the impact of Hurricane Issac. As of Sunday afternoon, NOAA's forecast calls for Issac to make landfall as a Cat 1 event on Tuesday over the Louisiana / Mississippi Gulf Coast, and to subsequently strengthen to a Cat 2 event. Here's a view indicating population count by county within the 50+ knot wind bands.

Introduction to our Earthquake App

We recently announced the commercial availability of our Natural Perils Suite. Each of the apps in the suite are designed to more easily put hazard data into perspective for users throughout an insurance company from risk, portfolio, and claims managers right up to the C-suite.

Introduction to our Wildfire App

We recently announced the commercial availability of our Natural Perils Suite. Each of the apps in the suite are designed to more easily put hazard data into perspective for users throughout an insurance company from risk, portfolio, and claims managers right up to the C-suite.

Quickly Assessing Tornado Exposure

SpatialKey allows insurers to assess exposure to damaging events, including the tornados and straight line winds currently underway in the US. We're focused on making this easier than ever, so that insurers can gauge potential impact as quickly as possible. We've integrated with NOAA SPC's Event Report feed to not only visualize these event reports, but to provide a summary of an insurer's total exposure in proximity - in near real time.

Risk Managers Can Assess Storm Impact with SpatialKey

With SpatialKey risk managers or operations executives responsible for multiple locations nationwide or regionally can quickly assess an event like this tropical storm.

Irene on Saturday... looks like Thursday

Irene made landfall in North Carolina early this morning, and NOAA updates continue to stream into SpatialKey's Hurricane Forecast App. The app allows insurers to analyze the latest hurricane forecast data in context with their exposures, without any support from IT, and without waiting in a queue of requests. We think it's truly changing how insurers can operate during events like this- and we're getting the same feedback from our early customers.

Hurricane Irene - SpatialKey in Action

Here's a quick video demonstrating how SpatialKey's Hurricane Forecast App is being used - as we speak - to track Irene.

Hurricane Irene - What a Difference a Day Makes

When we reported yesterday on our sample portfolio, SpatialKey reported 984 locations within the 50 knot wind band, with a total insured value of about $152M. Based on the latest forecast, 6,154 of our insured locations fall within the 50 knot band, for a total insured value of over $1.6B.

Tracking Hurricane Irene - Rapid Exposure Forecasting for Insurers

Our Hurricane Forecast App is in beta with several of our insurance customers. The app determines an insurers exposures within forecasted wind bands. Hurricane Irene is the first storm forecasted to make landfall since we've had customers using the app. Insurers are telling us the app is truly unique because it's providing more timely, visual, and interactive, reporting than they've had available to them in the past. Rather than waiting for analysts to manually build reports based on updated forecast information, SpatialKey automatically combines the latest NOAA forecasts with the insurer's policy data. Users through the organization can access interactive analysis on demand. They can even modify the storm path and SpatialKey instantly performs a "what if" analysis.

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