Through the deployment of the Perilfinder platform, MX Underwriting Europe can now analyze, understand and price windstorm risk with unprecedented detail and accuracy, enabling better protection of insurance capacity providers’ interests and creating a streamlined quote generation process.
Unveiling a path for a greener future, Gamma and AXA join hands to introduce the BERWOW calculator on AXA’s new Go Green web platform. This innovative tool enables homeowners to identify and implement energy-efficient retrofit options effortlessly, playing a vital role in reducing CO2 emissions and fostering sustainable living.
Unveiling key insights from a dynamic webinar on property intelligence and natural hazard management. This blog explores crucial takeaways on hazard data analytics, risk mitigation strategies, and the evolving catastrophe modelling market. Also, it underscores the power of collaborating with data providers who can adapt and evolve with changing needs, thereby enhancing decision-making capabilities.
The 2023 Sustainable Insurance Summit emphasised pragmatic sustainability action, focusing on long-term vision and forward-thinking. Transitioning from an annual renewal loop to a future-looking approach is challenging but essential. Despite the data-centric struggles, starting somewhere is crucial, keeping in line with upcoming regulatory compliance and nurturing growth. This blog delves into these insights from the Summit.
In January 2023, PwC Ireland and SustainabilityWorks Ireland published their Irish Climate Tech Opportunity report. This brief blog summarises the key takeaways from the report that features Gamma Location Intelligence – and our sister company BERWOW. Whilst the focus is on the Irish market, the key takeaways are applicable to us all – regardless of geography.
PROPERTY LEVEL ASSESSMENT OF CLIMATE RISK AND IMPACT. WHAT ARE THE CORE REQUIREMENTS?
If you are a residential or commercial property insurer then take a look at this summary of the UK webinar (originally held during December 2022). We cover what the market view is in terms of reporting on climate-related risks, what the challenges are when it come to measuring impacts on existing books of business, and an approach to reporting that may just help you start that journey.
NEW RISKS AND MEASURES FOR PROPERTY IN A CHANGING CLIMATE
This blog is a summary of the webinar session held at the end of 2022. We look at use cases for different data types when determining residential rebuild costs and pricing risk, an approach to understanding the forward-looking impact of acute and chronic hazards on assets/properties and measuring climate-related impacts on existing books of business.
Gamma Location Intelligence provides software and data services to help insurers better understand location risks.
Instech’s Matthew Grant was joined by Richard Garry, Gamma LI’s Chief Commercial Officer, and CEO Feargal O’Neill for podcast 212. We recommend listening to the 30 minute podcast to get the full benefit of this discussion.
Gamma LI and MGAM are supporting the Department for Levelling Up, Housing and Communities in the UK with a solution to provide Professional Indemnity Insurance to external wall system assessors. This partnership serves as part of Gamma LI’s ongoing growth strategy and continued international expansion.
PROPERTY LEVEL ASSESSMENT OF CLIMATE RISK AND IMPACT. WHAT ARE THE CORE REQUIREMENTS?
Insurers and MGAs are engaged on net zero journeys leading the way with positive policies to tackle climate change. One such requirement within ESG reporting is the measurement of risks and impacts that their property books face. This webinar explores some of the challenges and practical approaches taken to track and report on risks and impacts of property class assets.
NEW RISKS AND MEASURES FOR PROPERTY IN A CHANGING CLIMATE
Climate change is bringing new requirements for property-level data and models to better assess changing peril risks and climate impacts. What can insurers do in Ireland to address this challenge?
EVALUANDO LA VARIACIÓN DE RIESGO DE INUNDACIONES SOBRE BIENES INMUEBLES
Gamma Location Intelligence ofrecerá un webinar el martes 29 de noviembre para analizar las provincias con mayor riesgo de inundaciones en España.
A pesar de que el calor y la sequía han copado los titulares este verano, grandes regiones de España son vulnerables ante las inundaciones pero ¿cuáles son las provincias con mayor riesgo?
El riesgo de inundación en España implica una pérdida anual potencial de 178M€. Estos datos se desprenden del análisis que Gamma Location Intelligence ha hecho sobre los datos de Ambiental Risk Analytics en su plataforma Perilfinder™, plataforma que se está lanzando en el mercado español.
Gamma LI is expanding its operations into international markets. The company has visualised Ambiental Risk Analytics data for Spain through its Perilfinder™ platform. The analysis reveals which provinces are most at risk of flooding.
InsTech’s Matthew Grant was joined by Gamma Location Intelligence’s Chief Commercial Officer, Richard Garry and CEO, Feargal O’Neill. The discussion includes the challenges of local address data in Ireland and the UK, measuring carbon emissions, creating complete crime data analytics from different sources and how they’re working with partners.
Gamma LI will be integrating Sust Global’s data into its Perilfinder™ platform, enabling access for clients to worldwide, forward-looking climate change hazard maps and APIs. This will be the first time that Sust Global’s models will be available for insurers and banks on an underwriting platform like Perilfinder™.
Superscript delivers subscription-based policies and is transforming business insurance to meet the fast-changing needs of SMEs. Its advisory service, ‘SuperscriptQ’, helps high-growth technology businesses to secure cover easily. To support its offering, Superscript is also building an impressive partner network, having already joined forces with Virgin Money, Amazon and Starling.
Recommended Resources: Published materials relating to ESG, GHG, and the drive to Net-Zero. This “companion blog” provides links to published materials highlighted during the MGAA webinar in which Gamma LI – alongside partners at Sust Global and First Derivative – shine a light on climate change and the regulatory requirements to report on direct and indirect carbon emissions. A potentially onerous task for MGAs and insurers alike that we can help streamline.
ESG, GHG, the drive to Net-Zero… the focus on climate change and the regulatory requirements to report on direct and indirect carbon emissions for insurance businesses of all sizes is an onerous task. Gamma LI – alongside partners at Sust Global and First Derivative – participated in an MGAA webinar to shine a light on the topic and provide some guidance. This blog covers some of the key points raised.
Location intelligence firm Gamma LI has been changing the landscape of business. Here, CEO Feargal O’Neill maps out his journey in business.
An interview by John Kennedy, ThinkBusiness.ie.
Looking for better ways of assessing property risk..? Finding that implementing data and software solutions is overwhelming..? Then perhaps this brief review is the antidote you are seeking. At the very least, it might prompt you to get in touch and have a conversation. We always like to help. We don’t believe in making things difficult.
Sustainability and ESG is yet another topic that is overwhelming many organisations within the insurance sector. Knowing where to start and what good looks like in terms of driving towards net-zero from an investment and underwritten business perspective is hard. There was some great advice at the Sustainable Insurance Summit at the end of January 2022. Hopefully, this summary is helpful.
Climate change is already affecting our daily lives, but its effects upon the weather will become far more marked in the years to come. Property insurance premiums are affected by the impact that storms and wind speeds have on buildings and the built environment. However, the windstorm evidence and projections for the impact of climate change are not well developed. In this article, together with MetSwift, we explore the observed trend in strong wind events since the 1970s, using a 50 mph wind gust threshold.
ADDRESSING TODAY FOR THE UNWRITTEN TOMORROW
Climate-related risk. Regulatory compliance. Cloud-based solutions. Data… data… data. It’s a lot to take on-board. Even more to understand how it can truly benefit your business. Some of the detail to get you started or help you on your journey is here. Helping you to address today for the unwritten tomorrow… might be simple conversation and the odd presentation away.
Our knowledge of climate change is evolving all the time. In light of the COP26 conference in Glasgow, Gamma LI would like to bring our clients and partners up to date on climate change, what it means for the Insurance sector and what data is available now to help understand what the potential impact might be.
Michael will be responsible for leading the international expansion of Gamma Location Intelligence’s insurance offering. In particular, he will be overseeing the vertical growth strategy for Perilfinder™ – the company’s leading risk assessment, exposure management and reporting solution – across the insurance, MGA and mortgage lending industries in the UK.
Increasingly, insurers and financial institutions have to consider environmental factors and climate change which could have a major impact on their business and customers. In fact, we are reaching the point where extreme years of subsidence claims, such as 1990/1991, 1997/1998 and 2018, could become the new normal.
Are you facing a data-oriented challenge that you need to overcome before you can access the right data, at the right time, in the right way? Data and analytics projects can cause organisations more pain than they resolve. Yet sometimes all it takes is the involvement of a trusted partner who can help you see the wood from the trees…
Looking to understand the main pain points of businesses who use technology and data to make informed decisions, Jason Day has recently shared a poll on LinkedIn asking:
“When you are producing insight used for decision making within your business, which of the following always adds time into your process…”
The results show that inadequate data can be the root of many problems.
Richard Cantwell, Principal Consultant at Gamma, recently spoke to the Business Post about the science of where and the value of geographical data for industries like retail and insurance.
Over the last 16 months, there has been a huge shift in the daily lives of Irish people, with changes to how they behave, as well as where they move to and from. In fact, many continue to work or study (and spend) where they live.
Gamma LI is proud to announce that it has won the SME of the Year award at the Analytics & AI (Artificial Intelligence) Awards 2021. Hosted virtually by the Analytics Institute on the 17th of June 2021, the awards celebrate analytics-based and AI-driven innovation. Gamma LI was crowned SME of the Year by the judges in recognition of its demonstrated technological innovation and business acumen in a competitive market.
Gamma Location Intelligence provides insurers and MGAs with accurate location data to support underwriting decisions. Chief Commercial Officer Richard Garry joins Matthew Grant on Podcast 140 to discuss the key issues of concern to insurers, pinpointing risks through geocoding, and much more.
Gamma Location Intelligence, which provides risk assessment technology to Property & Casualty (P&C) insurance companies, predicts that it will generate £5 million in revenues in the UK market by 2025. This follows a deal the location risk solution provider has signed with MGAM, an industry leader which is transforming the landscape of the insurance market.
InsTech London’s latest report, ‘Location Intelligence 2021 – the Companies to Watch: Where, what and how risky?’, offers a comprehensive look at the technology helping insurers identify and manage risk, plus profiles of more than 50 companies that are leading the way in the provision of location intelligence.
Gamma Location Intelligence is pleased to announce that it has recently entered into a partnership with MetSwift. This new partnership will give Gamma LI’s customers access to MetSwift’s parametric weather risk insights through its Perilfinder™ platform.
Richard Garry talks to InsTech London’s Simon Fyles about location intelligence innovation, climate change risks, and how Gamma Location Intelligence helps insurers reduce risk by harnessing AI, data science and spatial analytics to produce solutions to geographical questions.
In terms of the economic impact of Covid-19, few would argue that the retail and hospitality sectors haven’t suffered most. And as with the pandemic itself, the retail categories with existing underlying issues are experiencing the severest impacts. Those with efficient store networks and established digital channels fared best. And the omnichannel balance will be just as crucial going forward.
Jason will be responsible for leading the company’s commercial team in EMEA, with a focus on location intelligence cloud-hosted tools and services. His role will oversee all aspects of business development in the UK market and further afield, including sales growth and account management.
Together, they have created Ireland’s first retrofit energy efficiency calculator, which shows Irish homeowners how to reduce energy usage and costs through retrofitting.
If you didn’t get the opportunity to check out the second GeoInsurance Ireland webinar, which discussed new data developments and the use of geospatial data in parametric insurance and motor fraud modelling, here’s a short overview. You can also watch it on-demand.
If you didn’t get the opportunity to check out the first GeoInsurance Ireland webinar, which focused on what’s new in geolocation for the insurance sector, and how advances in artificial intelligence are facilitating the development of new risk models, here’s a short overview. You can also watch it on-demand.
The effects of climate change on property and its potential impact on the insurance sector is a topic that concerns us all. But how can we start to quantify the potential cost of future property damage that these changes may bring, based on current data?
|n this Webinar, Gamma’s Richard Cantwell will present his recent white papers regarding the effects of climate change on property in the UK & Ireland and its potential impact on the insurance sector.
Britan’s climate is changing, and the effects will be widespread and varied across the country. We have worked closely with recognised experts in the domains of flooding and subsidence, Ambiental and Terrafirma respectively, to assess the impact of Britains changing climate on properties.
Gamma has agreed a partnership with Ordnance Survey (OS) to deliver the full set of data published by OS through its Perilfinder™ platform. This partnership will allow Gamma to move beyond open data, where greater accuracy is demanded. The full suite of OS datasets will help to enhance Gamma’s risk assessment offering and support its expansion into the UK market.
As climate change impacts make weather related events more frequent and severe, we may need to consider the scope of the traditional insurance indemnification model and perhaps consider alternative approaches such as parametric.
Gamma has integrated the BGS GeoSure Insurance Product range of subsidence datasets into their Perilfinder™ APIs and underwriting mapping solution to provide greater insights for their clients, as they continue their expansion into the UK market.
Gamma 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.
Climate Change is predicted to have many impacts in the coming decades. More severe coastal flooding is one of these, according to new research published by Gamma Location Intelligence.
Apart from the Grocery and Pharmacy sector, businesses in Ireland have been severely impacted over the past few months. The spread of Covid-19 and the subsequent lockdown has essentially bought businesses to a standstill.
The Covid-19 pandemic has seen huge numbers of people poring over maps and graphs looking for more information about the spread of and trends in the viral outbreak.
Gamma has agreed a partnership with JBA Risk Management to deliver their European flood data through its innovative Perilfinder™ insurance platform. The deal will allow Gamma to roll out its platform to P&C insurance clients across EMEA and bring the fast, intuitive benefits of the combined solution to many more markets.
The first GeoInsurance Ireland event took place last week on a rainy Thursday morning in the Marker Hotel in Dublin. Despite, or perhaps because of, the weather the turnout was excellent and the event was a great success.
Almost every week, we hear about a brand restructuring its retail store network. Most are downsizing, or rightsizing, their physical store estates, but some are seeking to open stores. It is representative of the considerable changes occurring across the retail landscape today, particularly in relation to the location of retail assets.
As consumers, we all want convenience; it makes our lives easier. Our pursuit of hassle-free shopping has led to the rise of online and click-and-collect channels, leaving bricks and mortar stores exposed. While they may offer the same products at a similar price, many of them are losing battle ground on the convenience front.
Any owner insuring property – including garages, sheds, outbuildings, gates and fences – must provide an estimate of the total cost to rebuild it from scratch.
Insurers operating in the competitive domestic market face a dilemma. On one hand, there is a desire to take on new business and serve existing clients better, on the other Insurers want to optimise their portfolio risk.
IHL Group, a global retail research firm, predicted that North American retailers will open 12,663 stores and close 8,828 stores in 2018, for a net increase of 3,835 store locations. The president, Greg Buzek, commented that restaurant retailers are experiencing some of the greatest growth.
Gamma is delighted to announce that we have been awarded ISO 27001:2013 certification. Information security and data protection are of supreme importance to organisations globally who are safeguarding both their customers and company data against potential threats.