Cloud-based location intelligence platform, Addresscloud, has partnered with geospatial data and AI solutions provider, Skyblu, to develop a suite of address-level perils data for insurers looking for more granular underwriting information on locations across mainland Europe.
Skyblu provides hyperlocal perils information by applying a combination of actuarial science, climate expertise and AI algorithms applied to multiple data sources.
Accessible through Addresscloud's API, the new service allows insurers to access insights on perils including flash flooding, windstorm, subsidence and wildfire.
Kinga Kita-Wojciechowska , Skyblu CEO commented: "An established insurance solutions provider like Addresscloud is the perfect partner for us. This allows us to bring our climate-related risk scores to many more insurers in Europe and we can’t wait to expand together to more countries soon.
“At Skyblu we believe that address-level data granularity is key for accurate and fair insurance pricing and it’s a pleasure to work with the like-minded team at Addresscloud."
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