Insurity acquires SpatialKey with eye on disaster analytics
Insurity has acquired SpatialKey, Inc., as of December 30, with a goal of strengthening its data and analytics offerings when client insurers respond to disasters.
SpatialKey provides geospatial analytics, data, and risk intelligence solutions for the P&C insurance industry. The combined company will bring together insured data, other expert data sources, and insurance-specific analytics and visualization to provide immediate, actionable insights that drive healthier portfolios, operations, and profits, the companies say.
Bret Stone, president of SpatialKey shared “With Insurity’s leadership in P&C insurance and with our mutual strategic alignment in data and analytics, together we can further accelerate delivery of innovative solutions that align with the SpatialKey mission to empower insight.”
“Data and analytics is a key focal point in our strategy of delivering differentiated and high-value products to our clients. The acquisition of SpatialKey will enable us to extend our overall market leadership as well as strengthen and expand our already-robust suite of industry-leading data solutions,” added Chris Laford, CEO of Insurity.