Platform Offers Access to Extensive Flood, Storm and Weather Data For Catastrophe Modeling, Planning and Response
ANN ARBOR, Mich. — (BUSINESS WIRE) — November 11, 2015 — EigenRiskTM, Inc., a software development and professional services firm serving insurers, reinsurers, brokers, and corporate risk managers, has added three data partners for its EigenPrism platform. Together, the data partners, KatRisk, HurricaneMapping, and Meteorological Connections (MetCon), provide individuals using the platform with ready access to real-time data on flood exposures, hurricanes, and evolving weather conditions to analyze potential and emerging risks related to these conditions in various parts of the world.
We developed EigenPrism to give individuals charged with managing risks the capabilities to be more self-sufficient in data discovery, scenario planning and modeling, said Sanjay Patel, head of Product Strategy and Operations, EigenRisk, Inc. KatRisk, HurricaneMapping, and MetCon, each provide access to data thats critical for analyzing, monitoring and managing certain natural catastrophe and weather exposures. We are continuing to add resources to EigenPrism that will ultimately give clients using the platform access to a full range of catastrophe exposure information in all areas of the world.
Specifically, the partner firms now bring the following resources and capabilities to EigenPrism clients:
- KatRisk. Based in Berkeley, California, KatRisk has flood hazard risk maps for the United States, Canada, and 15 countries in Asia, as well as Atlantic Basin hurricane and Asia typhoon models. The firm is currently adding maps for Europe, South America, and the remainder of North and Central America. Website: http://www.katrisk.com/
- HurricaneMapping. A service of Sea Island Software, Inc., HurricaneMapping.com provides live hurricane, tropical storm, and typhoon tracking data as well as a historical storm archive. The firms datasets contain many advanced map layers to help analyze storm threats, as well as tools for map preparation. Website: https://hurricanemapping.com
- MetCon. Meteorological Connections, LLC provides tailored worldwide GIS-based weather analysis and forecasts for agricultural and energy assessments based on all available weather observations, satellite-derived precipitation estimates and vegetation indices, the mesoscale Weather Research and Forecasting (WRF) model and the NOAA Global Forecast System (GFS) model information. Website: http://www.mymetcon.com
Data available from the three firms, as well as from various open sources, along with EigenPrisms proprietary tools and analytical capabilities, give insurance and reinsurance company, brokerage and corporate risk management clients access to high-speed modeling and robust analytical capabilities. Using the platform, clients can run multiple models, as well as rapidly adjust underlying assumptions and scenarios.
EigenRisk(TM), Inc., an independent software and professional services firm, delivers a speed-of-thought risk analytics and open architecture model execution platform to the insurance, reinsurance, brokerage, and risk management community. Headquartered in Ann Arbor, MI, the firm has operations in Bangalore, India; Fairfield, CT; Miami, FL; Orange County, CA; and San Francisco, CA. EigenRisks partner ecosystem offers insurance and reinsurance company professionals new and growing sources of hazard data and catastrophe models so they can ask more informed questions and deliver more transparent results. The firm also offers clients the ability to access a collection of high-performance engines that power its analytics modules using a set of application programming interfaces (APIs). Thus, clients can choose to integrate the modules into their existing enterprise applications. Visit www.eigenrisk.com.
Al Modugno, 917-414-4569