Hurricane Harvey: What now?

Severe flooding in Texas caused by Hurricane Harvey (businessinsider.com)

Since progressing to Category 4 strength over the weekend, Hurricane Harvey has regressed back into a tropical storm. As predicted, rainfall and flooding have taken over as the main threats from Harvey, making this storm far from finished.

Harvey grew up fast, from tropical depression to hurricane

 Track of Hurricane Harvey and sample portfolio exposure 

When Hurricane Harvey makes its eventual landfall late Friday evening into Saturday morning, it’s expected to be the first Category 3 hurricane to hit Texas since Hurricane Bret in 1999. The storm grew quickly, with 30 mph winds developing into 80+ mph winds in just a few days.

Spotlight on RedZone

IronMan is RedZone’s favorite superhero. And, it’s no wonder because he is, of course, the most data-informed superhero.

If you don't know RedZone, now's the time to become acquainted and here's why: In the U.S. to date (January 1-August 16), 42,010 wildfires have been reported and 6,299,005 acres have burnedCompare this to 3,616,320 for the same period last year. That’s almost double. With staggering numbers like these, insurers need to take a lesson from IronMan and do everything possible to be more data informed.

Fact is, wildfire season is starting earlier, lasting longer, and increasing potential losses. SpatialKey data partner, RedZone, has the wildfire data and accumulation models insurers need to extinguish this ever-increasing threat. Get to know RedZone with this quick 2-minute infographic...

Twister 2017

“We got cows!” This memorable line from the movie Twister came when a cow was hurled by a tornado in front of a truck driven by two storm chasers. A tornado can pick up just about anything, and while flying cows may not be on most insurers’ minds, they do need to worry about the impact 200+ mph winds could have on their books of business.

Bridging the technology gap with InsurTech

InsurTech, or digital information, isn’t just about Internet of Things (IoT), blockchain, wearables or telematics. A key digital transformation initiative, and competitive differentiator in the digital age, will be advanced data and analytics. And, innovation in data analytics is a big chunk of the $185 billion global insurance technology spend in 2017. If you’re struggling with legacy systems, lack of visual analytics, data inaccuracy and disparity (among many other analytic challenges), it’s time to make advanced data and analytics a transformation priority.

This 2-minute infographic shows how and why to bridge the technology gap with InsurTech for better data and analytics:

InsurTech is a game changer: What’s your game plan?


Over a year ago,
Stephen O’Hearn, global insurance leader at PwC, predicted, “InsurTech will be a game changer for those who choose to embrace it.” Since then, the InsurTech playing field has matured. Many insurers who have operated in the “good enough” zone are finding that it is no longer—well, good enough. The game has changed. Whether you’re in underwriting, claims, exposure management—or you’re a CIO—InsurTech impacts you. There is no option to stay on the bench. So, what’s your game plan?

How to Extinguish Wildfire Risk this Season

The risk of wildfire is unlike any other, as today, 90 percent are caused by humans. That’s an alarming amount, considering all it would take is one inexperienced hiker failing to properly extinguish their campfire to scorch an entire mountain.

InsurTech is an epic climb: Are you a contender?


“If you try to win, you might lose, but if you don't try to win,
you lose for sure!” -Jens Voigt

Alpe d’Huez is a legendary climb, world-renown by cyclists. A relentless 8.5 miles with 21 hairpin bends and 8.1 percent gradient, it’s been a stage that can make or break the Tour de France for riders. But, it’s not included in every Tour. This epic climb only comes once in awhile. And, what’s important about it, is the decisiveness of Alpe d’Huez as a stage in determining the overall leaders.

Are you prepared to look hurricane season in the eye?

Satellite image of Tropical Storm Cindy, courtesy of hattyphoto

With an above-average 11 to 17 named storms predicted this hurricane season, members of the P&C insurance industry need to be fully equipped to weather the storms. We know it only takes one bad storm to impact a nation’s economy for months, even years. Hurricane Matthew (2016) was the first hurricane to reach Category 5 since 2007, causing $10 billion worth of damage in the U.S. and displacing thousands. Not only that, it was the 13th billion-dollar weather disaster in the U.S. last year.

Spotlight on HazardHub

SpatialKey data partner, HazardHub, is fast becoming a premier authority in the hazard data space with 24+ hazard datasets. If you don’t know HazardHub, now is the time to get acquainted with their hazard data offering (available within SpatialKey) as well as innovative datasets coming soon. Check out this quick 2-minute infographic.

Learn how to get started with SpatialKey today

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