Insurity, a provider of cloud-based software for property and casualty (P&C) carriers, brokers, and MGAs, has completed the acquisition of Maprisk. Maprisk provides geospatial data and analytics software to enable underwriting automation and allows P&C carriers and MGAs to plan and proactively respond to natural disasters.
“We are thrilled to welcome Maprisk to Insurity,” said Chris Lafond, CEO, Insurity. “Maprisk’s focus on delivering high-quality, actionable geospatial data and analytics combined with Insurity’s already robust data and analytics solutions and configurable software platform will serve to improve intelligence surrounding hazard and catastrophe risk for P&C carriers and MGAs, empowering them to reduce losses and grow profitably.”
“Geospatial analytics is no longer an emerging technology in insurance, but a mainstay – to the point where if you are not leveraging geospatial analytics, you are not achieving full ROI from your analytics capabilities,” said Kirstin Marr, head of Insurity Analytics. “Maprisk’s strength is its easy to digest data delivery as well as being designed for simplified integration into any carrier’s existing workflow. This enables P&C carriers and MGAs to quickly create a more holistic view of risk.”
“We are extremely excited to join the Insurity family,” said Nick Parian, CEO, Maprisk. “Insurity is a market leader with more than 35 years of experience delivering solutions to P&C carriers and MGAs. Maprisk’s clients will not only immediately benefit from Insurity’s $100 billion data consortium and broad suite of cloud-based geospatial and predictive analytic capabilities but gain access to Insurity’s deep bench of talent, system integrator partners, and network of leading insurance organizations.”