HazardHub, the USA’s fastest-growing supplier of geospatial risk data, a 2020 Gartner Cool Company, and 2020 Lloyd’s Lab participant – announces a strategic alliance with insurtech leader Bold Penguin. The alliance allows for HazardHub to supply Bold Penguin with point-of-sale peril and property data to both speed and sharpen the risk evaluation process.
John Siegman, CCA of HazardHub says, “There is a sea-change of innovation in the commercial insurance market, fueled by innovation to make the process both faster and better. Bold Penguin has been leading the charge. We’re incredibly excited to be a key supplier that will continue Bold Penguin’s foray into the commercial space.”
Currently, far too many commercial policies do not consider the impact of peril data on rates, as the process has been too expensive to economically implement.