Press Release - Feb 19, 2014:
INNOVATION GROUP AND SPATIALKEY ANNOUNCE STRATEGIC PARTNERSHIP
Innovation Group is pleased to announce a new strategic partnership with SpatialKey that combines the expertise of two leading insurance industry data analytics solution providers.
The need for data analytics is a high priority for insurers as it drives informed decision-making and more effective risk management. The next logical step is to provide that data in delivery-focused, intuitive, analytic visualizations which increase the usability and power of the best intelligence available, the insurer's data. This new partnership makes that next step a reality by integrating the data capabilities of Innovation Group's Insurer Analytics with SpatialKey's geospatial and visualization technology.
"We are excited about this partnership and our ability to join forces with SpatialKey to further support our customers," said Euan King, CEO North America Insurer Software for Innovation Group. "Insurer Analytics has already brought enhanced insights to insurers and this will further expand their knowledge and improve their utilization of data. Our goal is to provide Innovation Group customers with cutting-edge solutions that enable them business improvement through knowledge and efficiency. This alliance supports that mission through additional benefits for both underwriting and claims."
Insurer Analytics transforms data through an automated governance process into relevant and actionable business information from policy through claims. SpatialKey adds an additional dimension to these capabilities through advanced visualization capabilities, making that information more accessible and usable for business critical processes, like catastrophe event response and underwriting. Available immediately, the integration of the two solutions allows users of both Insurer Analytics and SpatialKey to not only provide easy access to business users, but allows them to trust the data displayed.
"By bringing together Insurer Analytics with SpatialKey, insurers can keep all of their data in one place and seamlessly pass data to SpatialKey's Insurance Intelligence solution to more efficiently turn data into intelligence and intelligence into action," said Tom Link, CEO of SpatialKey. "As stewards to the evolving insurance ecosystem, we are thrilled to partner with Innovation Group to deliver advanced and relevant analytics to our clients. This partnership further reinforces our mutual commitment to delivering value to the insurance industry."