Willis Re, the reinsurance arm of Willis Group Holdings Plc., is partnering with KatRisk and SpatialKey Inc. to offer Willis Re clients analytical capabilities, enabling them to proactively manage flood accumulations.
Willis Re says the partnership will combine Willis Re's insurance and analytical experience with KatRisk's science and flood models and SpatialKey's analytic platform. Willis Re also says it will use KatRisk model data to produce risk intelligence delivered through its analytics services while providing direct client access via SpatialKey's Insurance Intelligence offering.
Willis Re and SpatialKey are integrating KatRisk's U.S. flood hazard maps into SpatialKey's forthcoming Flood Accumulation application, says Willis Re. The SpatialKey Flood Accumulation app will offer users the ability to access, accumulate and visualize KatRisk's high-resolution data.
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