Asian Surveying & Mapping
Breaking News
Iraq’s First Fully Solar-Powered Village in Kulak Is Now Operational
ERBIL, Kurdistan Region – May 20, 2025 — The...
Australia’s Gilmour Space Technologies ready to launch maiden Eris Test flight the nation’s first orbital launch in over 50 years
Gilmour Space Technologies is the leading launch services company...
Korea’s space agency seeks revision of plan to modify next-gen rockets into reusable system
South Korea's aerospace agency said on Thursday that it...
UAE Space Agency Signs Agreement With Technology Innovation Institute to Execute the Emirates Mission to the Asteroid Belt’s Lander Project
In the presence of His Highness Sheikh Hamdan bin...
Private Japanese lunar lander enters orbit around moon ahead of a June touchdown
A private lunar lander from Japan is now circling the moon, with...
Indian astronaut to travel soon to ISS as part of ISRO-NASA Mission
Prime Minister Narendra Modi said by 2040, an Indian’s...
China issues regulatory framework to support direct-to-device satellite services
HELSINKI — China has released comprehensive regulations for direct-to-device...
Astranis clinches $115 million Taiwan deal despite satellite setback
TAMPA, Fla. — Astranis has signed a $115 million...
UAE and Egypt Strengthen Space Collaboration with New MoU
In a milestone development for Arab space collaboration, the...
Seoul launches 4th spy satellite to boost North Korea surveillance
South Korea’s military now operates an increasingly integrated cluster...
  • Oct 8, 2021
  • Comments Off on Insurity Acquires Maprisk, Expanding Leading Geospatial Analytic Capabilities for Personal and Commercial P&C Carriers and MGAs
  • Corporate, News
  • 177 Views

October 8th, 2021
Insurity Acquires Maprisk, Expanding Leading Geospatial Analytic Capabilities for Personal and Commercial P&C Carriers and MGAs

HARTFORD, Conn.-Insurity, a leading provider of cloud-based software for property and casualty (P&C) carriers, brokers, and MGAs today announced that it 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 smartly plan and proactively respond to natural disasters. With the addition of Maprisk to the Insurity suite, P&C carriers and MGAs writing personal and commercial lines can seamlessly integrate geospatial data and analytics across the full policy lifecycle, from quoting and underwriting to claims. The acquisition of Maprisk builds on Insurity’s prior acquisition of SpatialKey, the market leader in geospatial solutions with the largest open network of specialty and hazard data providers, in December 2019. This acquisition further solidifies Insurity’s position as the industry leader in data and analytics, both in commercial lines and now in personal lines, with greater breadth and depth than any other geospatial data provider. It also furthers Insurity’s vision of empowering the insurance industry with the world’s most configurable, cloud-based, and intuitively analytical software suite.

Maprisk offers data and analytics with a strong focus on natural hazard data, both proprietary and through third parties, which is delivered directly to P&C carriers and MGAs via an easy-to-integrate API and through Maprisk’s web platform. Their comprehensive geospatial and multi-peril coverage includes data on flood, wind, wildfire, property, and crime scores, plus high-resolution aerial and satellite imagery. P&C carriers and MGAs benefit from flexible and in-depth augmentation of data at ingestion and can generate automated outputs for aggregate exposure and aggregation zones. As a result of this automation, Maprisk’s software processes over 20 million records per month with 100% uptime and sub-second response times. Maprisk is a trusted partner of more than 65 leading P&C carriers and MGAs.

“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.”

For more information, please contact Laura Krause at [email protected].

About Insurity

Insurity is a leading provider of cloud-based software and analytics for insurance carriers, brokers, and MGAs. Insurity is trusted by 15 of the top 25 P&C Carriers in the US and has over 275 cloud-based deployments. Through its best-in-class digital platform and with unrivaled industry experience and thought leadership, Insurity is uniquely positioned to deliver exceptional value, empowering customers to focus on their core businesses, optimize their operations, and provide superior policyholder experiences. Insurity is a portfolio company of GI Partners. For more information, visit www.insurity.com.

About Maprisk

Maprisk is a private company that provides policy life cycle and natural hazard data to property/casualty insurers. The company was founded in 2016 and is headquartered in Portland, ME. Maprisk solutions are designed to help insurers with a wide variety of data needs and geospatial support during the policy life cycle, including underwriting, inspection, and claims. Maprisk solutions are delivered via a custom web-based platform or RESTful API.