P&C insurers can now be notified if and when severe storms in the US impact their portfolios with 24/7 automated event alerts from SpatialKey, helping them more proactively serve policyholders while understanding financial impact.
AUSTIN, Texas, June 25, 2019 /PRNewswire-PRWeb/ -- SpatialKey is pleased to launch the initial offering of its automated event notifications solution which provides 24/7 severe storms event notifications and analysis using weather data from WeatherGuidance. SpatialKey, known for its global data enrichment and geospatial analytics platform, will now help property and casualty (P&C) insurers understand the immediate business impact of US severe storms events by leveraging leading weather data to power event enhancements.
With this initial launch, P&C insurers are notified if and when hail, wind, or tornado events impact their portfolios along with what the estimated financial impact is to them. This automates the traditional process of tracking an event and continually pulling reports, essentially replacing the traditional "react and respond" approach with new "prepare and serve" technology.
Severe storms have caused the highest number of billion-dollar disaster events on US record from 1980 to 2019 according to NOAA. Hail alone costs the US upwards of $22 billion yearly in damage to property, crops, and people. With this new solution, clients have all the relevant information they need at...