Athenium Analytics, a provider of climate intelligence and enterprise risk analytics, has partnered with Duck Creek Technologies to deliver natural hazard risk scores to help carriers manage climate and property risk across the US.
The partnership will see Athenium will offer its proprietary risk scores through the Duck Creek Content Exchange via an Anywhere Enabled Integration, allowing underwriting teams to analyse nationwide policy risk and write smarter business in a changing climate.
Athenium’s natural hazard analytics provide intuitive risk scoring for 12 separate perils, including flood, wildfire, hurricane and severe convective storm events that impact loss ratios every year.
These risk scores are built from decades of historical climate data and offer high-resolution coverage ranging from 15km down to 10m, depending on the peril. This allows underwriters to search any residential or commercial address and receive actionable scores based on the frequency and severity of hyperlocal weather.
Tim Rush, Athenium’s vice president of Global Partnerships, said, “As severe weather and catastrophic losses increasingly threaten the financial health of insurers, Athenium Analytics is committed to providing the data-driven insights carriers need to become more climate resilient.
“Partnering with Duck Creek not only expands access to on-demand climate intelligence for insurers, but also lays the foundation for delivering process optimisation and more sophisticated risk analytics in the future.”
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