Satellite image of Tropical Storm Cindy, courtesy of hattyphoto
With an above-average 11 to 17 named storms predicted this hurricane season, members of the P&C insurance industry need to be fully equipped to weather the storms. We know it only takes one bad storm to impact a nation’s economy for months, even years. Hurricane Matthew (2016) was the first hurricane to reach Category 5 since 2007, causing $10 billion worth of damage in the U.S. and displacing thousands. Not only that, it was the 13th billion-dollar weather disaster in the U.S. last year.
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
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 are excited to release our latest innovation in SpatialKey Insurance Intelligence, the SpatialKey Portfolio Composition application! Now, you can efficiently analyze and consistently communicate portfolio health to stakeholders with unmatched access and ease of use to help you stay on top of your business.
While calls haven’t been rolling in from Hollywood talent scouts [yet], the SpatialKey executive team is thrilled to have finally made their film debut! If you want to learn more about SpatialKey, the business application of its products, and its culture of innovation, take a look at our new product videos! You will gain more insight into the SpatialKey Insurance Intelligence and Market Intelligence solutions, as well as a general overview of the SpatialKey Platform.