How can 2016 risk inform your 2017 strategy?

Posted on November 21, 2016 by Sarah Stadler


2016 has been a year of growth and evolution here at SpatialKey from enhancing our solution for underwriters, actively monitoring catastrophic events that impacted insurers, and bringing on more 3rd-party data partnerships to fuel our solutions. With 2017 on the horizon, now is the time to reflect on the events of 2016 and understand how they can inform your strategy for 2017.

This year's success  

Enhanced data and analytics for underwriters

We revamped our Underwriting app this year, giving users access to analytics and visualizations for any hazard, such as terror, flood, wind and crime. Underwriters can now access intelligence to inform risk selection, all in one place. Further, our solution offers the flexibility to consume and integrate any 3rd party or in-house content to assist with decision making across the globe.  Uniting data, analytics, and visualizations for underwriters to proactively manage your portfolio at the point of sale is an ongoing effort for SpatialKey, and we’re thrilled to be on the path to making data-driven underwriting a reality for all insurers. Take a look at this webinar recording featuring our terror underwriting solution.

On-time event response for claims
Our clients have been able to stay on top of catastrophe events as they happen by leveraging up-to-date event information from expert sources.  This produces competitive advantage, proactive customer outreach, efficient claims deployment and early intelligence to detect potential claims fraud. Combining timely expert data, visualization, and analytics in one spot offers tangible insight into potential exposure and helps reduce claims costs. Here are some of the notable events we saw this year, and how we visualized them in SpatialKey:

McMurray fire


Hurricane Matthew  Hurricane_Matthew.png

Louisiana floods 


European Windstorm app
We also heard the call from many of our European users to make it possible for them to understand severe windstorms (many of you reading might remember the impact windstorm Kyrill had nearly a decade ago), in SpatialKey. We collaborated with our valued partner, Willis Re, to create a purpose-built app for insurers to easily access, visualize and analyze insureds potentially affected by a storm, track windstorms as they happen with forecast data and event footprints, and overlay event footprints onto portfolio data in one intuitive dashboard. 


More 3rd-party data providers

SpatialKey partners.png
At SpatialKey, we are deeply committed to making sure insurers have the right data at their fingertips, so they can easily analyze and visualize risk in their underwriting, exposure management and claims operations. 2016 brought even more expert data providers to SpatialKey’s platform, including HazardHub, EuroTempest, Location, Inc. and Impact Forecasting. Being a data agnostic platform means that insurers can access the most relevant data and models available in the industry, plus make use of their own in-house hazard, exposure and experience data, to make data-driven decisions for their business. To date, we are proud to have been selected as a value-added partner to these expert firms!

Focused on the power of collaboration 


At SpatialKey, we believe that innovation is delivered with enhanced speed and quality as the result of industry collaboration, allowing each contributor to relentlessly focus in areas of core competence and focus its financial resources.  This collaboration requires involvement from the insurance and the commercial solution provider communities.  Insurers provide the proper business context and focus, while commercial providers work collaboratively to deliver best of breed data and software solutions that link disparate systems and serve up intelligence directly to the business user community.  

Our passionate leaders had a lot to say about that this year. Our CEO, Tom Link, wants to see everyone evolve in how they collaborate in today’s data driven world; our CTO, Brandon Purcell, published an insightful post on the buy vs. build debate and cost of ownership; and our VP of Products, Derek Blum, talked to us about leveraging the right experts to get ahead. Not to be left out, our COO, Bret Stone, authored a white paper on the subject that you can read here.

The point is, we care about working together to move the insurance industry forward, and we’ll always be putting energy and effort into making sure we leverage the experts around us to make SpatialKey solutions even more relevant, insightful and powerful.


Enough about the past, let’s talk about the future

Next year is going to be important for how insurers use technology and data. We will continue to see new technologies and practices emerge. Some of which seek to disrupt traditional practices, but almost all of which, will offer greater efficiency, cost savings, and decision support. Here are three ways we think insurers can stay ahead of the game in 2017:

Leverage technology for competitive advantage


It’s a tough reality to face, but the current soft market may not improve next year.  Additionally, the "low rates" in the soft insurance market pertains to low premium rates. Add to this the fact that interest rates on investments have been particularly low for years and this means that there is even further pressure on underwriting profitability. 2016 saw significant wind, flood and wildfire event losses, and we have no reason to expect that 2017 will be less. InsurTech has been getting a lot of coverage, and the insurance industry is supporting this not only through adoption of new tech, but also injecting capital investment as well to activate new firms and initiatives and their associated innovations. InsurTech solutions have the potential to accelerate the decision making process, enhance data capture and accessibility, and deliver even more expert content.  All leading to efficient, better business. SpatialKey’s ongoing investment in geospatial insurance analytics ensures that insurers can readily access data and technology that support their critical business decisions.

Make rapid, informed and proactive decisions with data


Data loses its power if it’s difficult to access, or worse yet, impossible to interpret. Insurers need data to work for them, not against them. They will continue to demand solutions that help them understand and analyze data quickly, so they can make informed decisions fast. More now than ever, insurers want to move analytics out of the back office and into the hands of the business with easy to use one-stop solutions that enable self-serve analysis of information.  

To that end, in 2017, SpatialKey will continue to commit 100% of its research and development into delivery of well-designed solutions, focused in the areas of underwriting, exposure management and claims.  Additionally, we will continue to seek collaborative partnerships with cat and non-cat expert content and technology providers to offer our clients even more choice and seamless access to the intelligence they need.  

Differentiate yourself through customer service


In addition to the seamless integration of third party data, we see improving customer support and insight as a natural part of event response and as a key trend in 2017. Using data to proactively track a hurricane, wildfire, flood or other catastrophes empowers insurers to act quickly and respond to their insureds with speed and efficiency - amplifying their customer service and retention. In a soft market like today’s, there’s nothing more valuable than serving current customers and maintaining that strong business.

Connect now to learn how you can benefit from SpatialKey solutions

Posted in Wildfire, Hurricane, Underwriting, Flood, Data visualization, windstorm, Collaboration, claims, data partner | Leave a reply

Hurricane Matthew by the numbers: What we know so far

Posted on October 12, 2016 by Heather Munro




Blue skies may be back, but the impact from Hurricane Matthew is still being felt. As your claims team works around the clock managing your event response, information on the extent of the damage is critical to your ability to respond as quickly as possible.

SpatialKey seamlessly integrates the latest event footprints from third-party data providers like KatRisk, Impact Forecasting, and NOAA so you have access to the up-to-date data you need to take action. You’ll be glad to know that footprints for wind, surge and inland flood for Hurricane Matthew from KatRisk are now integrated within SpatialKey and available for use.

Below, we’ve rounded up the latest statistics on the initial losses from Matthew, so you can continue to evaluate the impact of the storm on your book of business.

Risk modelling firm CoreLogic estimates insured losses from Matthew will likely range between $4 and $6 billion. CoreLogic’s initial figure includes losses from wind and storm surge, but not additional flooding, business interruption or building contents. The firm also places the storm’s losses higher than hurricanes Floyd (1999) and David (1979), but well below hurricanes Katrina (2005) and Sandy (2012).

On top of losses from wind and storm surge, early estimates indicate that the evacuations may result in $10 to $15 billion in losses from economic disruption, according to Chuck Watson, a disaster modeler with Enki Research.

Hurricane Matthew was notable for ending a nine-year streak without an Atlantic Basin Category 5 hurricane. The powerful storm, which weakened as it moved from Haiti to the U.S., forced three million people to evacuate. By the time it was over, it had caused coastal erosion, wind damage, and freshwater flooding across five states, including Florida, Georgia, North Carolina, South Carolina, and Virginia. 


 In North Carolina, rising flood waters threatened more than 1,500 people in need of rescuing. Photo credit: Associated Press

In the Caribbean, Matthew reached Category 5 status with peak gusts up to 166 mph. Haiti was the hardest hit, with more than 1,000 people killed. Now, a resulting cholera outbreak threatens to cause further devastation in an area with history of earthquakes and hurricanes and a low insurance penetration rate.

At the height of the storm, about 2.2 million people—1 million in Florida alone— lost power.


 Images from NASA showing power outages during Hurricane Matthew. Photo credit: NASA

Peak wind gusts in the U.S. during Matthew ranged from 69 to 107 mph. At press time, the latest U.S. death toll is 33, but that number could go up as flooding continues over the next few days.

Outside of power loss and severe winds, storm surge was another significant concern. Fernandina Beach, Florida experienced a storm surge of 9.88 feet above normal, and Ft. Pulaski, Georgia encountered record tide levels and a storm surge just under eight feet.

While it’s too early to tally Matthew’s total impact in the U.S., insured losses will undoubtedly increase due to flooding, especially in North Carolina where flooded rivers that wash through farms and coal ash sites may spread toxins through miles of waterways.

The American Red Cross is already spearheading recovery efforts for the many people affected by the powerful event. To support this effort or learn more about how you can help, click here.

In the meantime, as your claims adjusters manage the growing number of claims, remember SpatialKey can help. To find out more or to access the latest Hurricane Matthew data and analyze it against your own portfolio in SpatialKey, contact us today.

Posted in Hurricane, Insurance, Flood, Event response | Leave a reply

Summer 2016 catastrophe wrap-up: Understand your exposure and prepare for future events

Posted on September 30, 2016 by Heather Munro



Photo credit:

With hail, hurricane, and wildfire seasons in full swing, summer is always a busy time for claims adjusters. This past summer was no exception, with several major events happening across the globe.

While California battled multiple, simultaneous wildfires, Hurricane Earl caused mudslides in Eastern Mexico. A tropical storm dropped 30 inches of rain in parts of Louisiana, which experienced its worst flooding since Hurricane Katrina in 2005. The picturesque Italian town of Amatrice was completely destroyed by a magnitude-6.0 earthquake. Most notably, Canada experienced one of the insurance industry’s costliest wildfire events when the Fort McMurray wildfires spread rapidly and caused $2.5 billion in insured losses.

From June to August, 10 different weather disasters each caused more than $1 billion in losses in the U.S., according to CBS News. In addition, Swiss Re reports that global insured losses for the first half of 2016 reached $31 billion, which is 51% larger than the same period from last year.

With so much activity, you were undoubtedly busy determining your exposure to these events and sending adjusters into the field to assess damage and pay claims as quickly as possible. Now that summer is officially over, it’s a good time to look back at these events to examine your losses sustained, improve your claims response efforts, and identify potential loss drivers to better mitigate future claims costs.

Assessing the impact, thinking ahead

No matter if it’s a flood, hurricane, or wildfire, your first priority during an event is to respond quickly to your insureds. Visualizing which of your policyholders are affected within flood footprints, hurricane paths, and wildfire extents is the starting point to getting the information you need to take action.

During the active summer event season, SpatialKey clients used our event response apps, which integrate data from a variety of third-party providers, including KatRisk, JBA Risk Management, Impact Forecasting, Willis Re, NOAA, GeoMAC, and USGS, to manage their claims response efforts quickly and efficiently.

Not only did clients use our apps to understand events as they were happening, they learned valuable insights about their portfolio performance which they can now use to prepare for future events. With SpatialKey’s geospatial insurance analytics, you can compare your actual claims against forecasts, understand the drivers of loss by looking at hazard and location characteristics, and determine if changes are necessary to your underwriting guidelines.

In addition, you can perform a “what-if” analysis to see how a past event would impact your portfolio if it were to strike today. Sharing a snapshot of what you discover with your exposure management team will give them the data they need to determine appropriate actions to maintain or build a resilient portfolio.

Summer’s end may mean the end of hail season, but as you know, weather patterns are far from predictable. Wildfires continue to burn in California. In addition, hurricane season, which will run through November, could still bring plenty of wind and flood damage. SpatialKey’s Hurricane Forecasts and Past Hurricane Scenarios are always available and up-to-date to  help you prepare for the next tropical storm or hurricane.

Now’s the time to look back at what happened this summer, so you can proactively adjust your underwriting strategies and be prepared to take action during the next big event. To learn more about how SpatialKey can help you better understand and respond to events to reduce your claims costs, contact us today.
Posted in Wildfire, Hurricane, Event Analysis, Flood, Hail, Event response | Leave a reply

Hazard data from Willis Re View of Risk now available to Willis Re clients via SpatialKey

Posted on September 16, 2016 by Heather Munro


Willis Re, the reinsurance division of Willis Towers Watson (NASDAQ: WLTW), the global advisory, broking and solutions company, today announces the availability of proprietary Willis Re hazard data to its clients via partnership with SpatialKey.

The Willis Re View of Risk assists Willis Re clients in developing their own view of risk, through a combination of enhancing and evaluating existing models, and developing new models where there are none. Constantly advancing Willis Re’s in-house modelling solutions by combining insurance industry experience with expert knowledge, Willis Re Catastrophe Analytics teams help quantify the financial impact of natural and man-made catastrophes on their clients’ portfolios across the world. 

Data developed by the team specifically focuses on gaps in the market for global perils where no reliable risk quantification tools exist, or where Willis Re can help clients enhance limited coverage or improve less detailed information.

Willis Re’s partnership with SpatialKey enables Willis Re clients to access this proprietary Willis Re information alongside data that clients may license from other industry sources, via a powerful and user-friendly geospatial platform. 

The territories and perils covered are broad in scope, ranging from volcanic risk in Italy, to tsunamis in Japan, to flood and storm event assessments in Europe and flood in Australia and New Zealand.


Karl Jones, Managing Director, Willis Re said: “It’s important for us to help clients understand their risk, especially for perils and regions that get less attention from the commercial vendors.  The expertise of our analysts around the globe, combined with the resources of the Willis Research Network and the power of the SpatialKey platform, puts the latest science at our clients’ fingertips.”

Tom Link, CEO of SpatialKey, said:  “We’re pleased to broaden the range of information that Willis Re clients can access through our platform.  SpatialKey’s vision is to empower insurers with all the information they need, enabling them to make optimal use of their risk capital to enhance profitability and resiliency.”

Posted in Press Releases, Insurance, Flood | Leave a reply

A final look at the impact of Hermine

Posted on September 12, 2016 by Heather Munro


nbcnews.com_160901-florida-storm-mn-1350_b7e166354b875a3efad79e3d2b8fc027.nbcnews-ux-2880-1000.jpgPhoto credit:

With post-tropical storm Hermine no longer a threat, insurers are busy handling claims from wind, flood, and storm surge damages across the eastern seaboard.  An early estimate from catastrophe loss estimation firm Karen Clark & Company (KCC), predicts insured losses likely to approach $500 million, with total economic damages close to $1 billion. Three deaths were attributed to the storm.

Hermine made waves, so to speak, as the first hurricane to make landfall in Florida since Hurricane Wilma in 2005. The category 1 hurricane slammed into the state early Friday before weakening into a tropical cyclone and slowly heading up the coast, where rough surf kept many beaches closed over Labor Day weekend.

Most of Florida experienced a state of emergency and officials were concerned that stagnant water would help breed mosquitoes that could spread the Zika virus. In the town of Cedar Key, waters rose more than 9.5 feet, among the highest surges ever seen, according to the National Weather Service.

In addition to dropping heavy rain and wind on parts of Georgia, the Carolinas, and Virginia, the storm caused power outages, coastal flooding, and beach erosion. By Sunday, the storm had weakened further into a post-tropical cyclone, settling off the coast of New York and New England and eventually dissipating.


As we near the halfway mark for hurricane season, it’s important to note that the damage could have been much worse. Responding to Hermine claims is a top priority, but it’s also a good time to evaluate your portfolio performance and to determine if your event response processes were as efficient as they could have been.

Like most hurricanes, Hermine was a dynamic event, strengthening and weakening over its life. Now that the storm is over, SpatialKey can help you visualize the impact to your portfolio, reevaluate underwriting guidelines, and even perform “what if” analysis such as considering if Hermine, had made landfall in St. Petersburg and exited through Jacksonville instead. Armed with this knowledge, you can adjust your strategies to ensure you are writing a healthy book of business.

You can also understand how to improve your response efforts for the next big storm by comparing your initial claims estimates from tracking the hurricane’s path and actual claims from the event’s final footprint.

With the National Hurricane Center keeping a close eye on tropical storms that could develop into the next named storm, you’ll need to prepare for all possible outcomes. Hurricane paths and footprints are automatically pulled into SpatialKey as soon as they are available, giving you the information you need to take action.

To learn more about how SpatialKey can help you apply the lessons from Hermine and other hurricanes for faster claims response and stronger portfolio performance, contact us today.

Posted in Hurricane, Flood | Leave a reply

Fizzled but not forgotten: Hermine may have weakened, but storm surge still a concern

Posted on September 7, 2016 by Heather Munro



Dozens of beaches were closed over Labor Day weekend, as post-tropical storm Hermine made its way slowly up the northeast Atlantic coast. Life-threatening riptides and rough surf kept swimmers out of the water in coastal towns across New York and New England.


On Tuesday, Hermine continued to weaken off the coast, but the storm is still expected to cause damage. Parts of Long Island are bracing for possible storm surge and moderate flooding.

SpatialKey can help you understand which insureds could be affected by secondary damage from the storm’s lingering presence. With the hurricane footprint from NOAA integrated within SpatialKey, you can also determine the storm’s impact on your book of business. Easily view and filter your exposure in coastal areas that have experienced storm surge or are expected to do so.

To learn more about how SpatialKey can help you understand your exposure and mobilize your claims team to respond to events, contact us today. 

Posted in Hurricane, Flood | Leave a reply

Flooded with claims: Visualize how Louisiana event affects your portfolio

Posted on August 18, 2016 by Heather Munro



Photo credit:

Over the weekend, Louisiana experienced the worst flooding the state has seen since Hurricane Katrina in 2005. A slow-moving tropical depression brought more than 30 inches of rain to parts of Louisiana, forcing the federal government to declare a major disaster on Monday. So far, at least 13 people have died, 30,000 people have been rescued from their cars and homes, and 40,000 homes and businesses have lost power.

Governor John Bel Edwards, who had to evacuate the Governor’s Mansion because of flooding, warned that the dangers are far from over. The Weather Channel reported at least six rivers hitting record high levels, with flood warnings still in effect.

As your insureds in Louisiana—and parts of Mississippi—prepare for continued flooding, you can get a more complete view of your potential exposure throughout this hard-hit region.

Quantify and act on the data you need right now

While the state waits for flood waters to recede and braces for possible flash flooding, the Louisiana Department of Transportation reported more than 280 roads were closed because of high water. Aside from rescue efforts, life has most certainly come to a standstill for your insureds in that part of the state.

To see the extent of the flooding, SpatialKey includes a flood footprint from our data partner, KatRisk. Armed with that information, you can see which properties have been affected, begin contacting your insureds, and mobilize your claims team to respond as quickly as possible.


In addition, SpatialKey offers you a choice of data providers beside KatRisk: JBA Risk Management is also available. You can gain a deeper understanding of the event by comparing and contrasting flood data sources from a variety of providers or select a single trusted data source as your preferred provider.

With the danger of flood still imminent in Louisiana, you can use the data from these expert sources to mitigate additional losses by reaching out to customers. Secondary effects of the flood will also almost certainly lead to more claims related to business interruption, contamination, and cleanup efforts. Evaluating the impacted areas now, can help your claims team determine if damage occurred from the initial flood or from a later peril.

Preparing your portfolio for increasing rainfall

Insurers know floods are the number one natural disaster in the United States. But it may come as a surprise to learn that heavy rainfalls, like the most recent one in Louisiana, are on the rise because of climate change. The reason? Warmer air can hold more moisture, which in turn, causes more rain.

“Very heavy precipitation events, defined as the heaviest one percent, now drop 67 percent more precipitation in the Northeast, 31 percent more in the Midwest and 15 percent more in the Great Plains, including the Dakotas, than they did 50 years ago,” according to the Union of Concerned Scientists.

Although there’s nothing you can do about the flood risk you’ve already written, savvy insurers are using state-of-the-art tools and data to make better underwriting decisions. With SpatialKey, you can easily display areas where past or future hazard severity may be indicative of loss potential.

What’s more, you can identify and add policies that capture adequate premium, allowing you to grow a healthy flood portfolio as competition for that business expands in the wake of changes to the National Flood Insurance Program (NFIP).

To learn more about how SpatialKey can help you respond faster to floods and write profitable flood business, contact us today.







Posted in weather, Flood | Leave a reply

JBA’s Houston Flood Footprint Now Integrated with SpatialKey

Posted on April 29, 2016 by Sarah Stadler


Photo credit: Photo credit:

Following up on our post last week, SpatialKey is pleased to have integrated another flood extent from our data partner JBA Risk Management. The event footprint helps insurers form a more complete view of their potential exposure in a state hard hit with multiple severe storms in 2016.

JBA Risk Management’s footprint of April’s devastating flood shows the extent and depths of flooding in the Houston area. JBA Risk Management’s footprint of April’s devastating flood shows the extent and depths of flooding in the Houston area.

The multiple expert data sources within SpatialKey can help you calibrate your underwriting guidelines and view of risk.

With several flood hazard data options out there, it's a good idea to consider more than one. For example, FEMA National Flood Hazard Layer (NFHL) maps may not provide the best representation of risk in all cases. If you based your underwriting decision solely on the NFHL, you likely assumed more avoidable risk than you thought.

Seamlessly access hazard maps from JBA and FEMA to gain greater understandings of your assumed risk. This map shows how many risks in a FEMA X zone are exposed to potential flooding of greater than one foot. Seamlessly access hazard maps from JBA and FEMA to gain greater understandings of your assumed risk. This map shows how many risks in a FEMA X zone are exposed to potential flooding of greater than one foot.

With SpatialKey, you can access additional data and increase your confidence and your underwriting profits. To learn more about how SpatialKey can help you compete more effectively for new business and ensure you collect adequate premium while maintaining a healthy flood portfolio, contact us today.

Posted in Flood | Leave a reply

Houston Flood: 3 Critical Things You Need to Know

Posted on April 21, 2016 by Sarah Stadler



Photo credit: CBS Radio Houston. Photo credit: CBS Radio Houston.

On April 18, an astounding two feet of rain fell overnight around Houston, Texas—a 1-in-200 year event, according to NOAA. CNN reported this catastrophic flooding has already killed seven people, flooded 1,000 homes, and caused an estimated $5 billion or more in property damage in Harris County alone.


Screen Shot 2016-04-20 at 5.42.12 PM SpatialKey enables you to look at potential flooding from an event.

With such a large number of claims expected in a short period of time—and more rain on the way—getting your adjusters to assess policyholder damages is a tricky, yet critical, challenge. And, because private insurers are poised to begin underwriting flood insurance along with the NFIP, it’s also a reminder to take steps now to mitigate any future losses.

We’ve outlined three SpatialKey features clients are using to make their event response the best in the insurance industry and enable them to proactively select and price risks that mitigate the impact of claims to their business.

1) Flood Footprints from KatRisk Within 24 Hours

Less than a day after the onset of the flooding in Texas, SpatialKey users had access to a detailed flood footprint provided by our partner, KatRisk. Event footprints like these help you identify which policyholders may be affected, form a more complete view of potential exposure, and begin the process of deploying claims operations.


Screen Shot 2016-04-20 at 5.53.18 PM SpatialKey is integrated with KatRisk and provides the data you need with unprecedented speed.

2) Easy Access to Data from Multiple Sources

In addition to KatRisk, you can access, compare, and understand multiple, expert data sources—including USGS, FEMA, and JBA Risk Management—all from within SpatialKey. So instead of searching different websites, you can see the data you need in context of the insured locations and calibrate your view of risk.

3) Tools to Enable More Effective Underwriting

SpatialKey also facilitates underwriting by bringing hazard data and metrics to the forefront of the decision-making process by displaying areas where past or future hazard severity may be indicative of loss potential.

What’s more, you can identify and add policies that capture adequate premium, allowing you to grow a healthy flood portfolio as competition for that business expands.

Screen Shot 2016-04-20 at 6.14.15 PM

To learn more about how SpatialKey can help you respond to events faster and underwrite profitable flood business, contact us today.

Posted in weather, Flood | Leave a reply

SpatialKey Pinpoints Low-Risk Opportunities, as Flood Insurance Market Set to Expand

Posted on March 22, 2016 by Sarah Stadler



Insurers are poised to competitively—and profitably—write flood, thanks to the Flood Insurance Market Parity and Modernization Act, now on its way to the Senate.

The measure will provide an alternative for homeowners currently relying on the National Flood Insurance Program (NFIP) and enable private insurers to compete on rates more closely aligned with the assumed risk.

Once the bill becomes law, you can bet consumers will begin actively seeking the best flood insurance deals. And with current soft market conditions, now’s the time to prepare.

Thankfully, SpatialKey has the visualization and data capabilities you need to identify and add policies that capture adequate premium for a healthy flood portfolio.

Identify Opportunities Where Your Competitors Lack Understanding

What if you could discover which homes have a low risk for flood by accessing and visualizing the data you need in one setting? With SpatialKey, you can.

SpatialKey helps you form a complete view of risk, giving you the tools to easily and efficiently compare and contrast flood data sources and modeled results.

Even better, you can access, compare, and understand multiple, expert data sources—including KatRisk, USGS, FEMA, and JBA Risk Management—all in one place, so you can make quick and confident underwriting decisions.


You can also identify portfolio characteristics that can help you manage and mitigate flood risk at the county, community, postal code and location levels. And to help you target homeowners with a lower flood risk, you can filter by any hazard or location characteristic: Viewing homes greater than one mile from the coast with a 100-year flood depth of less than one foot, for example.

“Not only does SpatialKey help you better understand flood risk and structure a competitive insurance program,” explains SpatialKey COO Bret Stone. “It enables you to quickly select and price risk while reducing your downstream claims costs and enhancing the health of your portfolio.”

Finally, should your portfolio be exposed to a flood event, SpatialKey can help you more easily manage and differentiate your business, too. With SpatialKey, your claims team can easily identify potentially exposed insureds, speed up response times, and provide superior customer service in a competitive market.

Get ahead of your flood insurance competitors. Let’s connect.

Posted in Flood | Leave a reply