London, October 20, 2015 – SpatialKey Inc. (SpatialKey) is providing ProSight Specialty Underwriters Ltd. (ProSight) with intuitive, geospatial analytics and visualization for its underwriting team and coverholders.
SpatialKey’s Underwriting solution provides analytics and visualizations tailored to the underwriting workflow, enabling ProSight and its coverholders to consistently and confidently underwrite across multiple commercial programs. Specifically, ProSight is accessing rich data analytics, coupled with high quality data from natural hazard experts, JBA Risk Management (JBA), to select and price risks, manage accumulations and calibrate underwriting strategy.
“Developing a complete understanding of risk when evaluating prospective insureds is an essential component of our underwriting practice as we proactively manage our portfolio at the point of sale. SpatialKey and JBA provide an integrated solution we can trust and help us gain competitive advantage, deliver underwriting profit and reduce downstream claims and reinsurance costs.” Rob Saxon, Underwriting Control Manager, ProSight
“We are delighted to have been adopted by ProSight and their coverholders as a best practice to enhance ProSight’s profitability and execute their underwriting strategy. We look forward to driving continued innovation through our products and partnerships as a result of the work we are doing with ProSight.“ Bret Stone, COO, 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 100 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.
The Ogden Police Department is the first department in the country to implement the enterprise version of the SpatialKey Law Enforcement Dashboard. In a recent article on the Senate Site (“Unofficial Voice of the Utah Senate Majority”), Ogden Police Chief Jon Greiner says of SpatialKey:
…it’s a combination map of satellite images, street map, and my geographically assigned patrol beat map in layers. The company has made it so user friendly that I can literally research and plot over 400,000 calls for service in the last 5 years in about 30 seconds. The system is web based so quickly analyzing What-Ifs can be accomplished anytime, anywhere…
Chief Greiner further highlights the ease-of-use of SpatialKey and its appeal to younger officers:
At the end of the day I want to give each of my officers the ability to do What-Ifs from home. My newest officers are gamers raised in a world of video games. I want this to become their new game of choice in helping solve crimes and arrest suspects more quickly. OPD [Ogden Police Department] officers work the same area for a year and this gives them a tool for their area to use during their un-committed time.
With SpatialKey, our goal is to put powerful visualization and reporting tools into the hands of those who need them most: the decision-makers. We continue to work with the Ogden PD and other departments to test our tools, implement their feedback, and ensure that they are able to make best use of their geotemporal data.
SpatialKey is featured on the cover and in an article entitled “Can Web 2.0 save BI?” in the most recent issue of ComputerWorld.
The article — about the use of browser-based visualizations and analytical dashboards for business intelligence — features an interview with Chief Jon Greiner of the Ogden Police Department in Utah. Ogden is the first police department in the country to implement the enterprise version of the SpatialKey Law Enforcement Dashboard:
Today, the officers are using the new BI tools to perform geographic profiling of crimes and analysis of police data “in seconds,” he says. Before, it could take days for the department’s single crime analyst to fulfill a report request. An added bonus is that experienced police officers with extensive street experience are now able to apply their firsthand knowledge to crime analysis.
It’s great to see our crime mapping tools featured in an article aimed at the broader business intelligence and IT fields, especially as we expand the focus of our tools with the SpatialKey Technology Preview and SpatialKey Personal.