mapping

Hurricane Irene – SpatialKey in Action

In examples, Insurance, mapping, risk assessment, tornado, weather on 26 August 2011 with 1 comment

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

In damage assessment, hurricane, Insurance, mapping, risk assessment, weather on 25 August 2011 with no comments

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. We can see that the majority [...]

Instant Exposure Forecast – Adding Context to Hurricanes

In damage assessment, hurricane, mapping, visualization on 24 August 2011 with no comments

As hurricanes form and forecasts are updated, insurers work feverishly to put the event in business context. What could this event mean to our customers? Our financial position? Our shareholders? More accurate and timely assessments- and the ability to quickly and effectively disseminate this information- mean better event response- to customers and to the financial [...]

Rapid Earthquake Exposure Assessment – Virginia Quake

In damage assessment, Earthquake, Insurance, mapping, risk assessment on 24 August 2011 with no comments

A 5.8 magnitude earthquake occurred in Virginia, a rare occurrence for the east coast. Following events such as earthquakes, property insurers rush to assess potential damage. Within moments of an event, SpatialKey’s Earthquake Impact app – part of our new Natural Perils suite – allows insurers to see potential impact of an earthquake on their [...]