HazardHub, acquired by Guidewire Software in August 2021, is a provider of property-level hazard risk databases. They utilize geospatial digital data to analyze risks and provide comprehensive coverage for perils such as wind, flood, earthquake, and fire. Their services are used in the P&C insurance industry, offering over 850 variables through a single API call for risk assessment and property risk modeling.
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Guidewire Software, Inc. has acquired HazardHub, a leading insurtech provider of API-driven property risk insights.
HazardHub aims to integrate their hazard data and risk scores into more insurer workflows to benefit more insurers and policyholders.
HazardHub powers decisions for over 110 organizations, including insurers, reinsurers, brokers, MGAs, and other insurtechs.
HazardHub’s API provides risk scores and supporting information for any property in the United States in less than 2 seconds.
Embedding HazardHub’s property risk data service into Guidewire’s platform will drive value for customers in the P&C insurance industry.
HazardHub provides comprehensive national coverage for property risks including air, water, earth, and fire perils.
The Cherre and HazardHub partnership will allow customers to incorporate HazardHub’s more than 100 billion data points on property risk into their centralized data warehouse.
The partnership with HazardHub will enhance mutual customers' risk modeling and analysis by integrating environmental data with key real estate data sets.
One foot of Sea Level Rise will impact more than $9,000,000,000 of property in Florida according to HazardHub data.
Key Largo has $571,000,000 of property at risk from Sea Level Rise according to HazardHub data.
Gulf Breeze has $479,000,000 of property at risk from Sea Level Rise according to HazardHub data.
North Miami Beach has $669,000,000 of property at risk from Sea Level Rise according to HazardHub data.
HazardHub provides near-instantaneous access to hundreds of data elements at a lower cost than competitive products.
The integration of HazardHub's service will benefit key customers of the Bold Penguin SaaS platform.
Bold Penguin will integrate HazardHub's service to enhance the user experience within its application flow.
The alliance allows HazardHub to supply Bold Penguin with point-of-sale peril and property data.
Bob Frady is the CEO of HazardHub.
HazardHub aims to integrate quickly and easily with other innovative insurtech companies as a key growth driver.
HazardHub formed a strategic alliance with insurtech leader Bold Penguin.