Property Guardian has partnered with EigenRisk to integrate its wildfire risk intelligence into the EigenPrism catastrophe and climate risk analytics platform.
The partnership will provide commercial property underwriters and portfolio managers with additional data to assess wildfire exposure and support underwriting decisions in higher-risk markets.
Property Guardian's Wildfire Recurrence Risk Score incorporates factors including fire history, fuel conditions and property-level characteristics.
"Wildfire risk cannot be managed with broad regional assumptions or static hazard scores alone," said Pat Blandford, CEO of Property Guardian. "By bringing our forward-looking wildfire intelligence into EigenPrism, we're giving insurers and MGAs the tools to write more of the right risks, avoid more of the wrong ones, and build portfolios that hold up as wildfire conditions continue to evolve."
Deepak Badoni, president of EigenRisk, added: “At EigenRisk, we are committed to bringing catastrophe and climate risk data, and analytics together in a single platform that gives underwriters what they need to take action with confidence. Property Guardian’s data in our platform gives underwriters the actionable analytics they need to confidently underwrite wildfire risk, while also providing insureds with what they need most: protection.”
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