Ventus Risk Partners with HazardHub for Location-Specific Data
HazardHub, the nation’s fastest-growing supplier of geospatial risk data, is pleased to announce that Ventus Risk Management (http://www.ventusrisk.com) has selected HazardHub as a provider of location-based hazard information.
In an industry slow to embrace change or technology, Ventus stands apart. The Company’s use of applied technology at every stage of the process transforms the landscape of insurance risk transfer, updating and streamlining a traditionally archaic business model while improving risk selection and analysis. By leveraging its proprietary technology, Ventus is fast becoming a market leader for underwriting and managing catastrophe-exposed insurance risk.
Stuart Mercer, President of Ventus, says “at Ventus, we use technology to enhance the underwriting process. HazardHub shares our mission by providing highly-detailed, location-specific data via an API. They’re accurate, fast and flexible. We’re looking forward to an excellent partnership.”
Within its proprietary underwriting platform, Ventus Insurance Knowledge Interface (VIKI), Ventus easily interfaces with third-party sources and proprietary algorithms to enrich and validate property data at the point of ingestion. All of this data is then stored in an easily searchable schema allowing un-paralleled pricing analysis and modeling.
Bryan Adams, VP of Analytics and Technology for Ventus adds “I am incredibly excited to work with HazardHub. We’ve evaluated and analyzed the output of their data and found them to be a great partner for us to work with. They combine excellent data with a fast API that allows Ventus to build an ever-better platform.”
Bob Frady, CEO of HazardHub, says that “HazardHub has worked diligently to bring both high-quality data and outstanding technical flexibility to the commercial and personal insurance world. A year ago, we sat down with Stuart and told him our plans. Ventus put us through our paces – we are very excited that Ventus has selected HazardHub as their data provider.”
Air. Fire. Water. Earth. Man Made. HazardHub is the only third-generation provider of property-level hazard risk databases spanning the most dangerous perils in the continental United States. HazardHub translates huge amounts of geospatial digital data into easy to understand answers, providing easy to comprehend risk scorecards that are used to make real-world decisions. Our team of scientists provides comprehensive, and innovative, national coverage for risks that destroy and damage property.
To learn more about HazardHub, visit http://www.hazardhub.com.
About Ventus Risk Management
Established in late 2015, Ventus Risk Management is a commercial property managing general underwriter currently focused on writing coastal coverage from Texas to Maine including all catastrophe perils. The Company’s primary focus is currently Small (TIV $2-15m) and SME (TIV $15-150m) accounts with a Large account (> TIV $150m, shared and layered) strategy targeted for 2019. Ventus differentiates itself from other MGUs and carriers by leveraging its unique technology platform (“VIKI”) to drive superior underwriting efficiencies and discipline, as well as unmatched data mining and risk analysis capabilities. For more information, visit http://www.ventusrisk.com.