Gamma strikes data deal as part of £1.8M investment in risk assessment platform

Gamma Location Intelligence is today announcing a new partnership with UK-based flood risk data specialists, Ambiental Risk Analytics, which will help to enhance Gamma’s risk assessment offering and support its expansion in other markets, including the UK. This partnership is part of the company’s £1.8M investment in its Perilfinder™ platform.

The Perilfinder™ platform will incorporate Ambiental Risk Analytics’ suite of data including FloodMap™, FloodScore™ and FloodFutures™ datasets. They will provide Perilfinder™ with the data required to show how predicted climate scenarios, both in Ireland and the UK, will impact flooding patterns. Furthermore, the platform will provide infrastructural data, highlighting bridges and roadways that could be at risk of flooding in the future.

With these new, highly accurate risk maps – built using high precision LiDAR Terrain –  insurance companies will be better equipped to address current challenges; understand how climate change is predicted to impact flood risk in the future; and therefore reduce their risk profiles and better manage policy accumulations with more in-depth insights. Such information is also useful for the financial sector and mortgage providers, as well as utility companies and local governments.

Speaking about the partnership between Gamma and Ambiental Risk Analytics – a company of Royal HaskoningDHV – Richard Garry, Chief Commercial Officer, Gamma, said: “Gamma is delighted to partner with Ambiental Risk Analytics and we look forward to enhancing our already extensive portfolio of risk data and in doing so, providing more choice to our customers.

“The insurance sector in particular is demanding more efficient and effective ways to access data, visualise risks and rapidly analyse accumulations. We are meeting that need with our Perilfinder™ platform, in which we have invested £1.8M to date. By improving this solution and continually establishing new data partnerships, we can deliver the most accurate data available, in light of an ever-changing risk landscape, to our clients.”

Rob Carling, Channel Sales Manager at Ambiental Risk Analytics, said: “Our partnership with Gamma will provide a host of clients with the ability to unlock insights from our data. The benefits of using the managed Perilfinder™ platform are that data procurement is simplified and powerful data analysis outcomes are easier to achieve.”

@ 2020 by Monika Ghita

About Gamma Location Intelligence

Gamma is a cloud-hosted solutions provider that integrates software, data and services to help our clients reduce risk through location intelligence. Established in Dublin, Ireland, in 1993, the company focuses heavily on leading-edge R&D including spatially aware AI and machine learning. Gamma has grown to become a market leader in the provision of location intelligence systems and services. Perilfinder™ v.4.0, Gamma’s risk mapping platform, is a cloud-hosted property-level risk assessment tool for sub-second assessment of environmental risk. Building on its market leading position across the island of Ireland, Perilfinder™ has recently extended its innovative platform to include the UK through partnerships with the major risk data providers.

About Ambiental Risk Analytics

Ambiental Risk Analytics is a global specialist in flood modelling and flood risk, producing flood maps, flood datasets and flood catastrophe models that support better decision-making. Using predictive analytics, digital mapping and machine learning Ambiental creates knowledge from data.