(Image source: RedZone homepage.)
RedZone, a Boulder, Colo.-based provider of a wildfire hazard identification solution that enables users to identify not only the wildfire risk for a location, but also understand the detailed drivers behind the risk, as joined Duck Creek Technologies (Boston) Partner Ecosystem program. Duck Creek users can now access RedZone’s API to quickly get site-specific wildfire scores and insights.
“Our core focus is enabling our customers to understand and quantify the potential risk to their assets, to manage the risk, to respond rapidly to incidents, to protect their assets, and mitigate damage claims,” comments Kwong Yau, Director, Risk Products, RedZone. “Duck Creek’s customers need the most accurate information possible to make informed underwriting decisions. With roots in building software for first responders, RedZone is the gold standard for real-time wildfire monitoring and underwriting, and we look forward to working with Duck Creek to help insurers gain a better understanding of wildfire risk across the country.”
Having historically has focused on the wildland fire and public safety markets, RedZone reports that it has expanded to support all natural hazards. Its products provide integrated risk-analysis, real-time alerts, and incident management tools that are designed to facilitate response planning, improve public relations, mitigate risk and reduce loss. Duck Creek customers now have access to RedZone’s capabilities through an Anywhere Enabled Integration available on Duck Creek’s Content Exchange. This Anywhere Enabled Integration enables insurers to request an RZRisk wildfire score for a U.S. address or location from within Duck Creek Policy, which Duck Creek says provides a more efficient workflow and more accurate wildfire risk assessment during the quoting or underwriting process.
Addressing Increasing Wildfire Risk
“This year has shown us all that the risk of wildfire is increasing at a rapid pace, and that understanding that risk is critical to running a profitable insurance practice,” comments Elizabeth Del Ferro, VP, Partner GTM, Duck Creek Technologies. “RedZone’s wildfire underwriting and portfolio management solutions are providing the foundation for carriers, MGAs, and reinsurers to build profitable portfolios in this area, and Duck Creek is thrilled to welcome them into our rapidly-growing partner ecosystem.”