Gamma, a leading provider of location intelligence and risk assessment technologies, has announced a new deal with MX Underwriting Europe, formerly Blackrock Insurance Solutions, a specialist insurance intermediary in Ireland.
The collaboration will see Gamma providing its address-level risk assessment and reporting solution, PerilfinderÔ, to MX Underwriting Europe, enabling the company to assess commercial property risk across perils including flood and windstorm – an emerging consideration for insurers.
The cloud-native mapping platform provides MX Underwriting Europe with improved accessibility to and visibility of detailed risk insights, while improving efficiency and expediating the quote generation process.
MX Underwriting Europe’s choice of PerilfinderÔ was driven by its ability to provide underwriters with instant access to crucial flood and windstorm data at the point of quotation. This data is fundamental for the company’s decision-making processes, and the efficiency of PerilfinderÔ allows the underwriting team to review a property location within seconds, thereby enabling accurate assessment and risk pricing.
Incorporating premium roof top level geocoding, building footprints, superb map visualisation, intuitive risk and accumulation scoring, and powerful spatial hazard models, PerilfinderÔ is the elite cloud-native insurance assessment tool. It also offers associated web services for form prefill and rebuild calculation.
Richard Garry, Chief Commercial Officer, Gamma, said: “Collaborating with a forward-thinking company like MX Underwriting Europe, which actively seeks to assess emerging risks like windstorms, allows us to be at the forefront of innovation.
“Through PerilfinderÔ, we aim to streamline processes, enhance service delivery and foster growth. As emerging risks associated with climate change accelerate, PerilfinderÔ is ideally positioned to provide the insurance sector access to business-critical data, instilling confidence in the decision-making process into the future and protecting the interests of insurance providers.”
Commenting further on the deal, David Gibson, Commercial Combined Manager at MX Underwriting Europe, said: “I was already familiar with PerilfinderÔ and Gamma as a leading provider of location intelligence solutions. So, when we needed a new service provider, I knew exactly who to call.
“I was really impressed with PerilfinderÔ when I first saw it. The transition to this new platform was expertly managed and we are enthusiastic about the advantages it – and Gamma – can bring to our business in the future.”
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