(Image source: IIR.)
EigenRisk (Ann Arbor, Mich.) has added Swiss Re’s CatNet natural hazard data to its EigenPrism catastrophe analytics platform.
Deepak Badoni, President, EigenRisk.
The integration adds CatNet to EigenPrism’s network of more than 40 third-party data and model providers and gives insurers, MGAs, reinsurers, brokers and risk managers another source of catastrophe risk information within the platform.
CatNet is Swiss Re’s natural hazard analytics platform. Its coverage includes flood, earthquake, tsunami, wind and storm surge, as well as wildfire and hail hazard data.
“Every data source we add to the EigenPrism platform gives insurers, brokers and risk executives another way to identify, understand, assess and respond to the catastrophe exposures most relevant to their risk portfolios or properties,” comments Deepak Badoni, Co-Founder and President, EigenRisk.
Ali Shahkarami, Head, Risk Data Solutions Insurance, Swiss Re.
EigenPrism combines catastrophe data, modeling, geo-visualization, analytics, reporting, alerts and APIs in a cloud-based platform. EigenRisk says the addition of CatNet is intended to let users incorporate Swiss Re hazard intelligence into workflows they already use rather than access the data through a separate system.
Intelligence Embedded Directly into Decisions
“Risk intelligence creates the most value when it is operationalized and embedded directly into the decisions insurers make every day,” comments Ali Shahkarami, Head of Risk Data Solutions, Insurance and Public Sector, Swiss Re. “By making CatNet’s trusted, global natural hazard intelligence available through EigenPrism, we’re giving more insurers, MGAs and brokers access to Swiss Re’s risk expertise within a platform and workflow they already use.”