Insurity, Inc., a Hartford, Conn.-based provider of cloud solutions and data analytics for insurers, brokers, and MGAs, completed the acquisition of SpatialKey, Inc., a provider of geospatial analytics, data enrichment, and risk intelligence solutions for the P&C insurance industry.
The terms of the transaction were not disclosed.
The deal will broaden Insurity’s data and analytics offerings. Together, the two companies will (i) enable P&C professionals make better decisions in their underwriting, exposure management, and claims operations; and (ii) bring together insured data, numerous expert data sources, and insurance-specific analytics and visualization to provide immediate, actionable insights that drive healthier portfolios, operations, and profits.
Led by Bret Stone, president, SpatialKey is a provider of geospatial analytics, data enrichment, and risk intelligence solutions for the P&C insurance industry, used by over 200 re/insurers, brokers, and MGAs. More than 200 re/insurers, brokers, and MGAs use its solutions for underwriting, exposure management.
Led by Chris Lafond, CEO, Insurity is a provider of cloud-based solutions and data analytics for insurers, brokers, and MGAs. Through its digital platform and with industry experience, the company empowers clients to focus on their core businesses, optimize their operations, and provide superior customer experiences. It is used by 15 of the top 25 property/casualty carriers in the US.