SpatialKey delivers new U.S. flood solution!

by Bret Stone on June 25, 2014

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Last week, we announced our partnership with KatRisk LLC to deliver an innovative U.S. flood solution. Re/insurers can now easily identify and monitor portfolio flood accumulations and optimize risk selection at the point of sale.
This solution is delivered in the new SpatialKey Flood Analyst app and further extends the value of the Flood Underwriting app.

We have integrated KatRisk’s U.S. riverine and surface water flood data, available at 10m and 30m resolutions. Additionally, the KatRisk flood risk data can be complemented with coastal surge data from NOAA, accumulated by USGS hydrological units, and compared to FEMA flood zones to help re/insurers build intuition and calibrate their views of risk.

 

Dag Lohmann, CEO and co-founder of KatRisk, said: “We are excited to team with SpatialKey to deliver our detailed and comprehensive flood risk data. The KatRisk 10m resolution data is unique in its detail and breadth, modeling both riverine and surface water flooding in all areas of the contiguous United States with no lower limit on modeled catchment size. The collaboration between KatRisk and SpatialKey has put the SpatialKey application ahead of the curve in being able to rapidly visualize and analyze our highly detailed and expansive data sets.”

To read our full press release with KatRisk, click here.

To learn more, please contact us.

Topics: Insurance Intelligence, Insurance, Underwriting, Flood, Exposure Management, Analytics

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