Tenefit’s DisasterAWARE Enterprise Partners with Quotech to Expand Global Risk Intelligence to Insurance MarketJanuary 29, 2021
SAN JOSE, CA. and LONDON: – Tenefit and Quotech announce a new partnership to bring powerful new peril and loss-event data into insurance-market systems in real time, and to analyze that data effectively alongside the customers’ own.
Tenefit’s DisasterAWARE Enterprise™ solution is a global risk intelligence platform used by organizations to prepare and protect their businesses and employees worldwide. This proven early warning and multi-hazard monitoring platform provides intelligence on natural and man-made hazards, such as severe weather, social unrest, and supply chain disruptions. The integration of DisasterAWARE Enterprise™ with the Quotech Insurance Platform enables the global risk market to automate monitoring and notification of critical events directly impacting insurance underwriters, brokers, claims adjusters, and policy sales teams.
“Our partnership with Quotech creates an exciting opportunity for the insurance sector to grasp and utilize an enormous big-data resource easily and efficiently,” says Bob Miller, CEO at Tenefit. “Together DisasterAWARE Enterprise and Quotech are able to feed an unparalleled depth of information and situational context directly to the risk market’s desktops, and to analyze that granular knowledge according to each user’s specific needs. That provides invaluable insights for risk evaluation during broking and underwriting, both at the policy and the portfolio level.”
Guillaume Bonnissent, Chief Executive, Quotech, said: “Having the right data in the right place is a fundamental need of commercial risk underwriters and brokers. Alongside its analysis, documentation, and market-management functions, the Quotech platform seamlessly compiles users’ own data with that of third parties. The addition of real-time global data from DisasterAWARE Enterprise™, which covers the complete range of natural, man-made, and biological events, makes the tool even more powerful.”
“Whether customers are underwriters, brokers, actuaries, claims managers, or others in the risk sector, the power of Quotech to assess risks and support pricing, analyze portfolio exposures, source capacity, create audit trails, and manage authorities is dramatically enhanced through the data from DisasterAWARE Enterprise™. We are now able to offer that powerful business advantage to all Quotech clients across the international re/insurance market.”
About Tenefit Corporation
Tenefit is the leading provider of a Risk Intelligence solution that is built on the tenefit.cloud platform. The tenefit.cloud platform enables cost-effective, real-time delivery of information anywhere in the world. Global 1000 Enterprises have relied on Tenefit to deliver data efficiently, securely and reliably for over a decade.
About DisasterAWARE Enterprise
DisasterAWARE Enterprise™ delivers the same powerful disaster management technology used exclusively by top U.S. federal agencies and disaster management organizations around the globe for over a decade. For more than 20 years, the Pacific Disaster Center (PDC) has helped the public sector reduce disaster risk through ground-breaking research and applied scientific practices. Leveraging Tenefit’s technology, PDC’s natural hazard intelligence platform has been brought to the cloud and made available to the commercial sector. For the first time ever, enterprises will be able to ensure business continuity with a government grade C/EM tool allowing them to protect their people, property and production.
Quotech specializes in enriching policyholder data by blending it with customers’ own through client-specific APIs, and by matching risks to appetites. Quotech sources the best data, designs cloud-based platforms for each stage of the insurance value chain, and builds unique tools for each client’s specific needs, giving everyone access to accurate, material, and relevant real-time analysis. Underwriter-designed Quotech’s unique features include automated collection and analysis of the most relevant data for each class of business; compilation of comprehensive audit trails of data employed and the decisions made against it; and management of authority levels, risk appetites, and rating models.