SpatialKey Forms Strategic Partnerships

SpatialKey and MarketStance have formed a strategic partnership to provide commercial insurance carriers with insights into new growth and distribution opportunities. SpatialKey says the alliance will enable customers to combine its data visualization and analysis platform with MarketStance’s datasets for a better understanding of market trends and overall distribution channels.

MarketStance’s datasets are designed to combine sophisticated analysis and projections with highly granular demographic and commercial insurance information, including exposure, premium by line and loss information, as well as historical economic trends and forward-looking forecasts.

With this partnership, carriers will now be able to use SpatialKey's data visualization and analysis technology together with MarketStance’s information to uncover new opportunities in the P&C industry, says SpatialKey. Once the analysis is done, SpatialKey says it also can deliver visually compelling, fully interactive presentations, which also offer presenters the ability to perform analysis on the fly.

Additionally, SpatialKey has formed a strategic alliance with Kinetic Analysis to provide real-time and historical tropical storm analysis for underwriters, actuaries and risk managers. SpatialKey says the alliance combines its location-based data visualization and analysis platform with Kinetic’s comprehensive storm impact forecasts to offer a visually compelling way to assess the impact of a storm before and immediately after it makes landfall.

An easy-to-use data visualization solution will allow Kinetic's customers to identify, prepare for and respond to catastrophic weather systems more quickly and accurately, SpatialKey says.