Risk management platform provider Risk Solved will be leveraging GWTInsight’s patented technology in accessing real-time commercial property data.
“The commercial property data that GWTInsight gathers in real time and the insights it enables will add to our ability to provide the kind of risk management insight that clients need to gain a distinct advantage, reduce loss ratios, and make real-world savings,” said Risk Solved chief strategy & partnerships officer Richard Thomas in an emailed release.
“It can also provide new and valuable insights and measurements of energy and carbon usage across property portfolios. Given current concerns around energy costs and the desire to live and work in a more sustainable way, having detailed insight on what, how, and when energy is being consumed is essential.”
Set up in 2018, GWTInsight is a commercial building data company that promises to capture information that other systems do not access. Risk Solved, meanwhile, has been in the market since 2016, offering to help insurance companies in improving their portfolio profitability.
“We are pleased to be partnering with Risk Solved to add our unique commercial building systems data service to their industry-leading risk management platform,” commented GWTInsight client and commercial lead Iain Wilcox. “The promise of data-driven underwriting and risk management changing the way insurance is delivered is a step nearer.”
