Now insurers can upload RMS EDM data directly into SpatialKey for a more streamlined workflow
San Francisco, Calif. – September 10, 2015 SpatialKey, Inc. (“SpatialKey”) and Risk Management Solutions, Inc. (“RMS”) have extended their collaboration on RMS(one)® to provide insurers with an automated means to load RMS EDM (Exposure Data Model) data directly into SpatialKey. Creating a seamless bridge between these two systems, via SpatialKey’s all-new Bridge ETL app, eliminates the need to create and maintain scripts and queries that extract and transform exposure data from EDM databases for use in SpatialKey. Now, insurers can invest more time deriving insights and making decisions from the data than on preparing the data for analysis.
“Our mission is to make analyzing data easy, no matter the source, and SpatialKey Bridge ETL is an important step forward. Delivering a seamless process for consuming RMS EDM data is reflective of our continued commitment to empower the insurance industry with increased access to value-added data. We’re excited to expand our scope of work with RMS in an effort to create a more cohesive link between our collective products. ” Bret Stone, COO, SpatialKey.
“RMS is committed to enabling clients to manage their risk efficiently using the tools of their choice,” said Matt Reid, vice president, corporate strategy and business development at RMS. “Our collaboration with SpatialKey enables mutual clients to more effectively and efficiently manage their exposure using the RMS EDM - the industry’s standard currency for risk.”
SpatialKey Bridge ETL is a user-friendly app that sits on a user’s desktop and does the work of converting and uploading RMS EDM information for use in SpatialKey. Historically, insurers developed custom transformation queries to manually extract data for further analytic processing within SpatialKey applications. Now, it’s as simple as installing the application, pointing to your SQL Server and selecting one or many portfolios from your library of EDMs - the rest is automatic, and insurers will have ready-access to their exposure data. This new tool is another example of SpatialKey's commitment to giving clients access to the right information, right now.
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 120 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