Lockton Re Adopts Insurity’s SpatialKey Solutions to Bolster Risk Advisory Services

Yields Data-driven Insights for Catastrophe Risk Management

HARTFORD, Conn. — (BUSINESS WIRE) — May 8, 2020 — Insurity, Inc., a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs, announced today that Lockton Re, the reinsurance business of one of the world’s leading brokerage firms, will be utilizing Insurity’s SpatialKey Exposure Management and SpatialKey Event Response solutions to power its risk advisory services. The solutions provide intuitive, geospatial analytics, expert data, and visualizations to deliver actionable intelligence for portfolio risk analytics.

“We required a sophisticated analytics solution that can visually illustrate the impact of catastrophe risk on a book of business,” said Claude Yoder, head of analytics for Lockton Re. “Not only does the SpatialKey solution deliver insights that we can easily use to analyze our client portfolios and help guide strategy, but Insurity’s robust data partnerships will help scale our business over time based on clients’ needs. This partnership is an important component of our multifaceted Analytics Platform.”

SpatialKey Exposure Management will enable Lockton Re to advise its insurer clients on how to better understand their risk profiles, and manage those risks to subsequently improve portfolio health. The cloud-based platform can help insurers develop a comprehensive and cohesive view of risk by exploring correlations among exposure, modeled loss, and hazard data, and through examining risk drivers and regional concentrations. SpatialKey Event Response will further enable Lockton Re to support its clients in quantifying their potential and key drivers of exposure to a live, recent, or historical catastrophe event.

“We’re thrilled to partner with Lockton Re, providing valuable risk intelligence and actionable insight to their clients, who will be better-able to manage and transfer portfolio risk and to assess the portfolio impact of a catastrophe event,” said Michele Shepard chief revenue officer at Insurity. “Lockton Re’s adoption of our SpatialKey solution is an endorsement not only of Insurity as a market leader in the data and analytics space, but also of the importance of data and analytics in an insurer’s core operations.”

To learn more about Insurity’s SpatialKey solutions and the rest of the company’s cloud-based core system solutions and data analytics, Insurity invites all P&C insurance executives and professionals to attend its Connected 2020 virtual conference, beginning May 12, 2020. For more information, visit connected.insurity.com.

About Insurity

Insurity is a leading provider of cloud-based core system solutions and data analytics for the world’s largest insurers, brokers, and MGAs. Through its best-in-class digital platform and with unrivaled industry experience and thought leadership, Insurity is uniquely positioned to deliver exceptional value, empowering clients to focus on their core businesses, optimize their operations, and provide superior customer experiences. With users worldwide and more cloud-based deployments than any other core system provider in the insurtech space, Insurity is trusted by 15 of the top 25 property/casualty carriers in the US. For more information, visit www.insurity.com.

About Lockton Re

Lockton Re, the global reinsurance arm of Lockton Companies, helps businesses understand, mitigate, and capitalize on risk. They’re pushing the reinsurance industry forward with smarter solutions that leverage new technologies—delivered by people empowered to do what’s right for clients. Find out more: https://www.lockton.com/reinsurance


Fusion PR on behalf of Insurity
Ross Blume, (310) 481-1431

Review Article Be the first to review this article

Featured Video
Latest Blog Posts
Jim SparksGISCafe Guest
by Jim Sparks
Maps are (Still) Important Again
GIS Analyst #14713 for State of Missouri at Jefferson City,, Missouri
Geographic Information System Analyst II for State of Idaho at Boise, Idaho
Mechanical Designer for TechnipFMC at Houston,, Texas
ROV Pilot II for TechnipFMC at Houston,, Texas
Upcoming Events
20th International Multidisciplinary Scientific GeoConference SGEM 2020 at PARADISE BLUE Congress Center, Albena, Bulgaria, Balchik, 9620 Albena Balchik, 9620 Albena Albena Bulgaria Austria - Jun 27 - 6, 2020
Geo Week, July 27-29-2020 (NEW DATE), at McCormick Place | , IL Chicago IL - Jul 27 - 29, 2020
SPAR 3D & AEC Next Technology Expo + Conference(NEW DATE) at McCormick Place Chicago IL - Jul 27 - 29, 2020
University of Denver GIS Masters Degree Online

© 2020 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise