SpatialKey Event Response
Before, during, and after catastrophe events, you need to quickly turn insight into action so your claims teams can demonstrate agility that enhances stakeholder and customer satisfaction. Our automated event notifications and analytics helps you proactively prepare and respond to events while enabling data to be shared across your organization and accelerating your response to catastrophes.
“Helps keep our clients ahead of the curve”
Catastrophe risks are evolving and require a new approach to event response. The use of automated technology helps keep our clients ahead of the curve. SpatialKey now provides event notifications to our clients in near real-time, with actionable and customized information. Holborn and SpatialKey both understand our clients’ needs for a competitive advantage. This new system includes features stemming from our ongoing collaboration and we are delighted to have had the opportunity to partner with SpatialKey to develop a high-tech, flexible solution to address event management and response. Bottom line, we can deliver timely, detailed, event-level information to our clients so they, in turn, can expeditiously serve their insureds.
~Scott Rosenthal, SVP & Head of Analytics at Holborn
Rapidly understand and respond to claims as they’re happening
Evaluate outcomes in real time to manage response
Understand the impact of an event to quickly gauge loss potential, anticipate outcomes, and assess the impact to your bottom line, so you can effectively help customers and manage stakeholder expectations.
Develop a response strategy
Access event data anytime on the web, use your own portfolio data, as well as expert third-party data within SpatialKey to quickly prepare your claims team to respond to customers and enhance retention.
Track historical and scenario events
Evaluate historical and hypothetical what-ifs with relevant data from multiple sources. Measure portfolio performance consistently so you can manage your risk. Build intuition around claims and catastrophe model outputs.
SpatialKey Event Response App Suite
Past Hurricane Scenario
Leverage the power of data
Data is a critical component in helping insurers make better decisions and remain competitive. With SpatialKey, you can access the most relevant data and models available in the industry. Plus, make use of your own external or in-house hazard, exposure and experience data, to make data-driven decisions for your business. Insurity’s SpatialKey solutions are data agnostic and regularly continue to partner with leading data providers to deliver breadth and choice to insurers.
Automation can reduce the cost of a claims journey by as much as 30%*
* Digital disruption in insurance: Cutting through the noise, McKinsey & Company, 2017