We are proud to annouce we’re partnering with the global risk management platform provider, Risk Solved. The partnership will bring Tensorflight’s property risk management data to the Risk Solved platform.
The partnership will provide the insurance industry with new and enhanced global residential and commercial property risk management solutions. The enhanced property risk data will improve risk selection and pricing for underwriters, increase portfolio profitability and provide insurers with better risk management and mitigation advice for brokers and their clients.
Tensorflight’s property intelligence platform combines ground-level, aerial, and state-of-the-art satellite imagery to accurately calculate property replacement and reinstatement costs and flags potential risk management issues. Tensorflight’s data sources are global, with a particular focus on the US, Europe, and Australia, and its platform can process the risk management data of over 100,000 individual buildings per day.
Risk Solved currently provides property risk management data and the new partnership with Tensorflight will significantly enhance the service available.
Richard Thomas, Chief Strategy & Partnerships Officer at Risk Solved, said:
“Risk Solved is a market-leading risk management platform and we want to partner with best-in-class companies. The opportunity to provide enhanced risk data on commercial property is a pressing need for insurers. This partnership with Tensorflight will provide underwriters with much more detailed information on a greater percentage of their property portfolios worldwide through remote data sources.”
“We have helped our customers improve loss ratios on some portfolios by 20%. We believe using Tensorflight’s data will improve underwriting insight and decision making and help clients’ underwriting performances yet further.”
Maksymilia Wandel, Business Development Lead at Tensorflight added:
“Our solutions eliminate inaccuracies within property infrastructure data and significantly improve the quality of the information underwriting decisions are based on. We are delighted to partner with Risk Solved to offer insurers enhanced global property data and insights, which will enable improved data utilisation as well as faster decision-making.”