Ecuador Earthquake: How SpatialKey Helps Insurers Respond

by Sarah Stadler on April 18, 2016

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The strongest earthquake to hit Ecuador since the 1970s, the magnitude-7.8 quake that rocked the country’s coastal region on April 16 has left at least 272 people dead, thousands injured, and several towns in ruins.

While damages from the initial quake, aftershocks, and subsequent fires are still being tolled, SpatialKey clients are able to support initial recovery and rebuilding efforts by focusing on providing relief as quickly as possible. Thanks to SpatialKey, they can quickly identify potentially impacted insured properties, formulate a response plan, and inform senior management about their potential exposure to the event.

Within minutes of the quake, SpatialKey clients had access to earthquake shake maps published by U.S. Geological Survey (USGS), which are natively integrated in SpatialKey’s Earthquake application.

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Using their property portfolio, SpatialKey clients can easily identify the locations and Total Insured Value and Exposed Limit at risk. And, with SpatialKey’s flexible filters, they can prioritize their response to key segments of their business, individual policies, and locations that were exposed to the most severe shaking.

In addition to being prepared to respond quickly to claims, they are able to quantify and manage their earthquake risk with an accurate representation of loss potential. Even better, they can continue to monitor their exposure in the area, which may be further affected by aftershocks, government response, and developing humanitarian efforts.

To learn more about how SpatialKey’s robust data, crisp visualizations, and unmatched user experience can help you improve how you manage claims for better customer retention, contact us today.

Topics: weather, Earthquake

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