Risk Solved Ltd, the global risk management platform provider, has agreed a partnership with GWTInsight which will bring their bespoke real time commercial property data to the Risk Solved platform.
GWTInsight use patented technology to capture a range of real time data sources enabling clients and insurers to mitigate risk, reduce cost and carbon usage, and actively address ESG commitments across property portfolios.
The enhanced property risk data can offer better risk selection and pricing for underwriters, more risk management and mitigation oversight, and provide invaluable energy use data to track ESG and carbon footprint or reduction targets.
Richard Thomas, Chief Strategy & Partnerships Officer at Risk Solved, said:
“The commercial property data that GWTInsight gather 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.
“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.”
Iain Wilcox, Client and Commercial Lead at GWTInsight added:
“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. The promise of data driven underwriting and risk management changing the way insurance is delivered is a step nearer.”