ANN ARBOR — EigenRisk Inc., a software development and professional services firm serving insurers, reinsurers, brokers, and corporate risk managers, has added three data partners for its EigenPrism platform.
Together, the data partners — KatRisk, HurricaneMapping, and Meteorological Connections — provide individuals using the platform with ready access to realtime data on flood exposures, hurricanes, and evolving weather conditions to analyze potential and emerging risks related to these conditions in various parts of
the world.
“We developed EigenPrism to give individuals charged with managing risks the capabilities to be more self-sufficient in data discovery, scenario planning and modeling,” said Sanjay Patel, who leads product strategy and operations for EigenRisk. “KatRisk, HurricaneMapping, and MetCon, each provide access to data that’s critical for analyzing, monitoring and managing certain natural
catastrophe and weather exposures. We are continuing to add resources to EigenPrism that will ultimately give clients using the platform access to a full range of catastrophe exposure information in all areas of the world.”
Specifically, the partner firms now bring the following resources and capabilities to EigenPrism clients:
• KatRisk. Based in Berkeley, Calif., KatRisk has flood hazard risk maps for the United States, Canada, and 15 countries in Asia, as well as Atlantic Basin hurricane and Asia typhoon models. The firm is currently adding maps for Europe, South America, and the remainder of North and Central America. More at www.katrisk.com.
• HurricaneMapping. A service of Richmond, Va.-based Sea Island Software, Inc., HurricaneMapping.com provides live hurricane, tropical storm, and typhoon tracking data as well as a historical storm archive. The firm’s datasets contain many advanced map layers to help analyze storm threats, as well as tools for map preparation. More at https://hurricanemapping.com.
• MetCon. Meteorological Connections LLC, based in Johnson City, Tenn., provides tailored worldwide GIS-based weather analysis and forecasts for agricultural and energy assessments based on all available weather observations, satellite-derived precipitation estimates and vegetation indices, the mesoscale Weather Research and Forecasting model and the NOAA Global Forecast System model information. More at www.mymetcon.com.
Data available from the three firms, various open sources, and EigenPrism’s proprietary tools and analytical capabilities, give insurance and reinsurance company, brokerage and corporate risk management clients access to high-speed modeling and robust analytical capabilities. Using the platform, clients can run multiple models, as well as rapidly adjust underlying assumptions and scenarios.
Besides its Ann Arbor headquarters, EigenRisk has offices in Connecticut, Florida, California, and India. More at www.eigenrisk.com.