Twinn helps insurance and reinsurance companies understand and price physical risk – now and into the future.
Twinn’s climate risk modelling provides detailed risk ratings and supplementary information. This enables the insurance market to conduct climate risk assessments for individual addresses/ locations, understand and price risk appropriately, avoid adverse claims and manage over-aggregation of risks.
Encompassing high-resolution data, advanced modelling, predictive analytics, machine learning and domain expertise, our proprietary technology enables accurate climate risk scoring and management – while simplifying compliance and reporting.
These two case studies demonstrate how leading insurance companies are leveraging our data, software and domain expertise.
Leveraging Twinn high-resolution flood risk data, the organisation is now able to make informed decisions about insuring properties across the UK.
“Thanks to the accurate picture of risk Twinn delivers, we have the insight to decide at the individual property level where we do and don’t want to offer insurance cover,” concluded the company director. “Ultimately, we’re now confident we’re only taking on acceptable risks.”
When researching climate risk data and software solutions, a top City of London insurer approached us.
“Everyone in the London insurance industry is aware of FloodScore Online [formerly born from Ambiental’s renowned flood analytics solution],” said a risk manager. “Our initial approach was made on the basis of your reputation as a market leader in the sector.”
The insurer quickly realised our strong reputation was justified. “We were struck by Twinn excellent pricing, easy and intuitive interface, and the fact that the suite of tools matched our needs,” the risk manager added.
While the insurer had considered more generic providers, it ultimately found those solutions lacked flexibility. “With Twinn l, we only buy what we need, which makes it an incredibly cost-effective option.”
Our solution combines high-resolution climate data with advanced modelling and predictive analytics. We integrated seamlessly with the insurer’s systems via an easy-to-deploy API. Importantly, the solution is easy to use. “The intuitive user interface makes it a quick and simple task for anyone in the organisation to access data insights,” commented the risk manager.
Twinn flexibility is also reflected in our licencing approach. The organisation accesses data on a transactional basis, which means they can scale costs based on requirements. In addition, the in-built audit trail has simplified their compliance processes.
Thanks to Twinn data and software, the insurer can now accurately identify high-risk properties. As a result, it’s better able to avoid taking on excessive risk and has experienced fewer flood losses.
By responding quickly to underwriters’ questions – providing explanations and clarification of risk scoring when required – Twinn delivers stand-out customer service. Thanks to our scalable, flexible and cost-effective solutions, the insurance company now has access to the insights it needs to make more informed decisions, streamline processes and improve performance results.