EigenRisk, Inc., an independent insurance technology company providing catastrophe risk management solutions, has entered into an agreement with EuroTempest to add its European storm forecast and event footprint to the EigenPrism® catastrophe risk management platform.
EigenRisk helps reinsurers, MGAs, brokers and risk managers around the world manage catastrophe risk and drive growth while improving client engagement and operational efficiency. The company’s cloud-based platform provides one-stop access to data management, geovisualization, analytics, reporting, modeling, alerting and APIs.
EuroTempest provides weather risk management services to clients around the world, including some of the largest reinsurers, brokers and catastrophe modeling companies.
EuroTempest has a strong focus on data accuracy and advanced analytics, delivering actionable insights to the insurance, finance, humanitarian response, maritime and government sectors.
The partnership gives users of the EigenPrism platform access to EuroTempest’s services and data to improve preparedness for event developments and deepen their understanding of the weather risks they face.
Deepak Badoni, president of EigenRisk, said: “As property insurers and risk managers seek to improve their ability to prepare for and respond to weather-related disasters around the world, our partnership with EuroTempest will provide them with deeper insights and faster response times.
“Users of our platform now have access to a full range of underwriting, risk management and response tools and resources to assess and respond to ongoing events in the US, UK/Europe and around the world.”
Nick Wood, commercial director at EuroTempest, added: “Integrating EuroTempest’s storm forecast and post-event footprint into EigenPrism expands our reach in the insurance industry. It provides users with timely, actionable insights to prepare for and respond to catastrophic storms quickly and accurately.”
