EigenRisk, Inc., an independent insurance technology firm providing catastrophe risk management solutions, has entered into an agreement with EuroTempest to add its European windstorm forecasts and event footprints to the EigenPrism® catastrophe risk management platform.
EigenRisk helps re/insurers, MGAs, brokers, and risk managers worldwide manage catastrophe risk and drive growth while improving customer engagement and operational efficiency. The firm’s cloud-based platform provides one-stop access to data management, geo-visualisation, analytics, reporting, modelling, alerts, and APIs.
EuroTempest provides weather risk management services to customers around the world, including some of the largest re/insurers, brokers, and catastrophe modelling firms.
With a strong focus on data accuracy and advanced analytics, EuroTempest delivers actionable insights across insurance, finance, humanitarian response, marine, and government sectors.
The collaboration enables users of the EigenPrism platform to access EuroTempest’s services and data, improving preparedness as events develop and enhancing understanding of the weather risks they face.
Deepak Badoni, President at EigenRisk, said, “As property insurers and risk managers seek to improve their ability to prepare for and respond to weather-related disasters around the globe, our partnership with EuroTempest will provide them with enhanced insights and faster response times.
“Users of our platform can now access a full spectrum of underwriting, risk management and response tools and resources to assess and respond to unfolding events throughout the U.S., UK/Europe and worldwide.”
Nick Wood, Commercial Director at EuroTempest, added, “Integrating EuroTempest’s windstorm forecasts and post-event footprints into EigenPrism expands our reach across the insurance industry. It gives users timely, actionable insights to prepare for and respond to catastrophic windstorms with speed and precision.”
