SpatialKey Points


Hail Hits Home for SpatialKey...Plus, how to proactively inform your hail risk and response


by Jen Smoldt

Hail is scary and it hits home for many of us. SpatialKey’s home state of Colorado is no exception to hail risk. Our downtown Denver headquarters reside in a heavy hail risk zone—and so do the homes of many SpatialKey team members.

HazardHub data shows hail risk at SpatialKey headquarters in downtown Denver


SPATIALKEY RANKED ON 2017 TOP COMPANY CULTURES LIST


by Jen Smoldt

SpatialKey was recently ranked on Entrepreneur's Top Company Cultures 2017 list, a comprehensive ranking of U.S.-based businesses exhibiting high-performance cultures created in partnership with culture management software and service provider CultureIQ®. SpatialKey secured 15th place in the Small Company category of Entrepreneur’s Top Company Cultures list. SpatialKey is recognized for creating an exceptional culture that drives employee engagement, exceeds employee expectations, and directly impacts company success.


SpatialKey Names Insurance Industry Expert Bret Stone as President


by Jen Smoldt

SpatialKey Inc. (SpatialKey) is pleased to announce Bret Stone has recently been named President of SpatialKey. Mr. Stone previously held the position of COO at SpatialKey. An industry expert in catastrophe risk management and insurance operations, he is a long-time veteran of the insurance industry holding analytic and product management roles at RMS, Willis Re, and Allstate prior to joining SpatialKey in 2012.


Punxsutawney Phil predicts it's time to reevaluate your underwriting approach


by Jen Smoldt

So, what does Groundhog Day have to do with underwriting?

On February 2nd, Punxsutawney Phil saw his shadow. And, you're probably thinking, "So what does this have to do with my underwriting?" Just bear with the logic for a moment….Do you know how often Phil’s forecasts have been right? If he were right say even 70-80 percent of the time, would you see animal predictions as rooted in science? A sound piece of data perhaps? 


SpatialKey and RedZone partner to offer leading wildfire underwriting solution


by Sarah Stadler

SpatialKey Inc is pleased to offer its insurance clients access to wildfire risk data from RedZone. RedZone provides the most accurate, up-to-date wildfire intelligence for underwriters, now immediately available in SpatialKey’s geospatial insurance analytics platform.


7.4 magnitude earthquake strikes Japan, what's the portfolio impact?


by Sarah Stadler

Update: After our original publication of this post on Tuesday November 21, 2016 the earthquake was changed from a 6.9 magnitude rating to 7.4, and that change is reflected in our headline and post copy.

Tuesday brought a powerful earthquake just off the western coast of Japan. The Telegraph reports that Japan experiences around 20 percent of the world's earthquakes of magnitude 6 or greater, and this quake keeps that statistic strong with a 7.4 magnitude rating.  The quake struck near the  2011 site that caused a massive tsunami, setting off the worst nuclear crisis the world had seen since Chernobyl. With a quake as strong as today’s the potential for a devastating tsunami is a relevant and rising concern for citizens and insurers alike.


How can 2016 risk inform your 2017 strategy?


by Sarah Stadler

2016 has been a year of growth and evolution here at SpatialKey from enhancing our solution for underwriters, actively monitoring catastrophic events that impacted insurers, and bringing on more 3rd-party data partnerships to fuel our solutions. With 2017 on the horizon, now is the time to reflect on the events of 2016 and understand how they can inform your strategy for 2017.

This year's success  


SpatialKey® and Location, Inc. give underwriters access to crime risk data, enabling data-driven underwriting decisions and risk-based pricing


by Sarah Stadler


SpatialKey Inc. (SpatialKey) is pleased to offer its insurance clients access to crime risk data from Location, Inc., a leading provider of U.S. location based analytics. Location, Inc. specializes in providing hyperlocal crime risk data to help underwriters understand, measure and select risk, and calculate premiums with greater accuracy. Exposure managers can also use Location Inc.’s crime risk data to quickly identify and manage adverse portfolio accumulations.


SpatialKey® and HazardHub collaborate to give insurers easier access to hazard data


by Sarah Stadler

SpatialKey Inc. (SpatialKey) is pleased to offer its insurance clients access to hazard data from HazardHub, a risk data provider. HazardHub specializes in developing proprietary models and processing past event data to help underwriters and exposure managers better understand the probability of future property damage, in order to write profitable business and maintain a strong portfolio.


Willis Re and SpatialKey® collaborate to bring EuroTempest data to insurers


by Sarah Stadler

New European Windstorm event response app available now