Guidewire acquires HazardHub
Guidewire acquired Hazardhub , a provider of API-driven property risk insights to the P&C insurance industry.
Founded in 2016, HazardHub offers geographic risk datasets; delivering a national catalog of risks that may damage or destroy property, including perils from air (wind, hail, tornado, lightning), water (flood, freeze, coastal storm surge), earth (earthquake, brownfield, Superfund), and fire (wildfire and fire protection). “In less than 2 seconds, HazardHub’s API provides risk scores and the supporting underlying information for any property in the US.”
“We are excited about what HazardHub has built and even more by their passion, bold vision, and the host of challenges that we can tackle in combining their data and expertise with our market-leading platform. Their deep GIS expertise is a perfect complement to our existing team of over 170 Guidewire Analytics specialists in data science, actuarial modeling, data provisioning, and application development. P&C insurers who have relied upon Guidewire Analytics’ robust casualty data and insights will now also have access to rich property data and scores from a single trusted partner.” – Roger Arnemann, general manager, Analytics, Guidewire Software.
“We see joining Guidewire as the best way to get our hazard data and risk scores into more insurer workflows to positively impact more insurers and policyholders. We are eager to expand the power of our API-driven insights and bring innovative solutions to market as part of Guidewire, the technology leader serving the P&C insurance industry.” – Bob Frady, co-founder and CEO, HazardHub.
HazardHub is a team of ~15. In the past, it announced 2 undisclosed funding rounds.