Athenium Analytics partners with Duck Creek Technologies to offer on-demand climate intelligence solutions for underwriting teams

Rhea-AI Summary

Athenium Analytics has teamed up with Duck Creek Technologies (DCT) to provide natural hazard risk scores, aiding insurers in managing climate risks across the U.S. This collaboration, starting this month, offers insurers access to Athenium's proprietary risk scores via the Duck Creek Content Exchange. These risk scores encompass various perils like floods and hurricanes, derived from extensive historical climate data. Athenium aims to equip insurers with actionable insights for improved underwriting and enhanced climate resilience.

Positive

• Partnership with Duck Creek Technologies enhances Athenium's market presence.
• Access to Athenium's risk scores aids insurers in making data-driven decisions.
• Natural hazard risk scores improve underwriting processes and climate resilience.

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• None.

DOVER, N.H., March 31, 2022 /PRNewswire/ -- Athenium Analytics, a leader in climate intelligence and enterprise risk analytics, has partnered with Duck Creek Technologies (Nasdaq: DCT), a top provider of SaaS insurance core systems, to deliver natural hazard risk scores that help carriers manage climate and property risk across the U.S. Beginning this month, Athenium will offer its proprietary risk scores through the Duck Creek Content Exchange via an Anywhere Enabled Integration, allowing underwriting teams to seamlessly analyze nationwide policy risk and write smarter business in a changing climate.

Tim Rush, Athenium's Vice President of Global Partnerships, said: "As severe weather and catastrophic losses increasingly threaten the financial health of insurers, Athenium Analytics is committed to providing the data-driven insights carriers need to become more climate resilient. Partnering with Duck Creek not only expands access to on-demand climate intelligence for insurers, but also lays the foundation for delivering process optimization and more sophisticated risk analytics in the future."

Athenium's natural hazard analytics provide intuitive risk scoring for 12 separate perils, including flood, wildfire, hurricane and severe convective storm events that impact loss ratios every year. These nationwide risk scores are built from decades of historical climate data and offer high-resolution coverage ranging from 15 kilometers down to 10 meters, depending on the peril. This allows underwriters to search any residential or commercial address and immediately receive actionable scores based on the frequency and severity of hyperlocal weather.

Robert Fletcher, Head of Global Solution Partnerships at Duck Creek Technologies, added, "Athenium Analytics is an industry leader in climate intelligence, and this partnership arms our insurance clients with the intelligence they need to enhance underwriting workflows, portfolios and combat losses from severe weather."

For more information about Athenium's climate-focused data solutions, please visit: https://www.athenium.com/products/insurance-api/

About Athenium Analytics
Athenium Analytics provides the solutions and expertise organizations need to mitigate risk and drive growth in a changing climate. Our powerful suite of business and climate intelligence—including AI and predictive analytics—leverages trillions of data points to help business leaders increase profitability, enhance internal operations and manage assets most vulnerable to climate risk. To learn more, visit www.athenium.com.

About Duck Creek Technologies
Duck Creek Technologies (Nasdaq: DCT) is a leading provider of core system solutions to the P&C and General insurance industry. By accessing Duck Creek OnDemand, the company's enterprise Software-as-a-Service solution, insurance carriers are able to navigate uncertainty and capture market opportunities faster than their competitors. Duck Creek's functionally-rich solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. For more information, visit www.duckcreek.com.

Media Contact: marketing@athenium.com

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SOURCE Athenium Analytics

FAQ

What is the partnership between Athenium Analytics and Duck Creek Technologies about?

Athenium Analytics has partnered with Duck Creek Technologies to provide natural hazard risk scores that help insurers manage climate and property risks.

How does the partnership impact Duck Creek Technologies (DCT)?

The partnership allows Duck Creek Technologies to offer Athenium's risk scores through its Content Exchange, enhancing its underwriting capabilities.

What types of natural hazards are covered by Athenium's risk analytics?

Athenium's risk analytics cover 12 perils including floods, wildfires, hurricanes, and severe storms.

When did the Athenium and Duck Creek partnership start?

The partnership began in March 2022.

How can insurers access Athenium's risk scores?

Insurers can access Athenium's risk scores through the Duck Creek Content Exchange.