Orlando, FL (PRWEB) February 8, 2011
Today at the Reinsurance Association of America Catastrophe Modeling Conference, SpatialKey and Kinetic Analysis announced a strategic partnership to provide real-time and historical tropical storm analysis for underwriters, actuaries and risk managers. The alliance combines SpatialKey’s innovative location-based data visualization and analysis platform with Kinetic’s comprehensive storm impact forecasts to offer a visually compelling way to assess the impact of a storm before and immediately after it makes landfall.
Detailed and insightful information on the impact of a storm is vital in the insurance industry. Until now, insurance companies were required to build custom applications to allow risk managers to analyze storm data, and these applications were often complicated, unreliable and difficult to work with. SpatialKey’s easy-to-use data visualization solution will allow Kinetic's customers to identify, prepare for and respond to catastrophic weather systems more quickly and accurately.
“When assessing risk exposure in the face of a major storm, time is of the essence,” said Tom Link, SpatialKey founder and CEO. “Working with Kinetic, we can deliver high-quality predictive and real-time storm analysis that can be interpreted much faster. This means our mutual customers have more time to plan and prepare before the storm hits.”
“Using Spatial Key’s data visualization technology will enable our insurance customers to access and analyze our data to readily produce actionable information ,” said Jan Vermeiren, CEO of Kinetic Analysis Corporation. “Spatial Key has deep functionality for showing relationships and depicting risk exposure, making it a much richer and more cost-effective alternative for organizations that previously needed to develop their own solution.”
SpatialKey is a next-generation data visualization and analysis solution for location-based information. Because it is a hosted solution, setup and deployment is almost instantaneous and dramatically IT support costs are dramatically reduced. Using SpatialKey, users can create and deliver comprehensive analyses in minutes which would have taken hours or days using traditional industry tools.
Kinetic Analysis monitors tropical cyclone activity worldwide and produces expected wind, wave, storm surge and cumulative rainfall hazards associated with active storms in near-real time. Clear, advance information on expected site-specific impacts can be used to develop response and arrange for assistance. Kinetic Analysis offers storm impact forecasts in several forms, to meet the needs of a variety of users.
Next-generation, SaaS-based SpatialKey delivers the visual intelligence you need to unlock the full potential of your data and accelerate understanding, collaboration, and action. Easily bring together data from virtually any source and see it come alive instantly in interactive, contextual visualizations that make patterns and trends—and the right decisions—more readily apparent. Available either out-of-the-box or customized to meet your specific requirements, SpatialKey can be cost-effectively deployed in under a few hours for small workgroups and large organizations alike. For more information, please visit http://www.spatialkey.com.
About Kinetic Analysis
Kinetic Analysis Corporation produces accurate, site-specific assessments of natural hazard impacts and loss. With information products from Kinetic Analysis, clients are better equipped to make informed decisions to protect lives, reduce loss to property and investment, and to develop cost-effective risk management and transfer strategies. For more information, please visit http://www.kinanco.com.