Ed, the global reinsurance, wholesale and specialty broker, today announced it has signed a partnership with geospatial data enrichment and analytics firm SpatialKey.
As part of the partnership, Ed will have access to SpatialKey’s advanced geospatial analytics technology. The software will allow Ed to better advise its clients on how to mitigate risk accumulations and improve financial performance.
Jonathan Tilman, Group Chief Actuary, Ed said: “The broker of the future will be underpinned by the latest technology and Ed is fast becoming the frontrunner in this area. We are committed to partnering with businesses which can provide us with cutting-edge capabilities; SpatialKey is a provider of advanced analytic tools and this agreement is an example of that philosophy in practice. We will use SpatialKey to provide key insights for our clients and to advise on mitigation strategies so as to help them deliver a higher return on capital.”
Bret Stone, President, SpatialKey said: “We are delighted to partner with a business that shares our passion and commitment to innovation through advanced data and analytics technology.
Ed has chosen SpatialKey not only for our ability to innovate, but because we recognize that insurers need actionable insights to drive bottom line results here and now. Together, we will deliver on that promise.”