2026-08-18 · Source: Reinsurance News
Summary in 3 Points • EigenRisk partners with Weatherwatch to integrate hail data into its platform • The collaboration aims to enhance hail event assessment for insurance professionals in Australia • Weatherwatch's hail footprints will be added to EigenPrism for improved risk management --- EigenRisk, a catastrophe risk management technology provider, has partnered with Weatherwatch, an Australian company specialising in storm and weather risk management. This collaboration will integrate Weatherwatch’s hail event footprints into EigenRisk’s EigenPrism platform, enhancing the ability of insurance and risk professionals to assess hail events in Australia. The partnership aims to provide faster response times and better insights into severe weather events. Weatherwatch offers services like HailTracker and MetCentre, which are designed to help organisations monitor and respond to weather risks. The integration of Weatherwatch’s data is expected to broaden EigenPrism's access to hail-related information, supporting the insurance industry in evaluating the impact of severe weather events.
This partnership between EigenRisk and Weatherwatch could offer London Market insurers enhanced tools for assessing hail-related risks in Australia. By incorporating detailed hail event data, underwriters may improve their risk evaluation processes, potentially leading to more accurate pricing and policy terms. The integration could also support claims management by providing timely insights into hail events, enabling faster response and settlement times. As weather-related risks continue to rise globally, such collaborations may become increasingly valuable for insurers seeking to manage their exposure effectively.