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Guidewire acquires insuretech provider HazardHub

Guidewire Guidewire, who provides cloud-based P&C insurance software, has acquired insuretech provider HazardHub

Guidewire, who provides cloud-based P&C insurance software, has acquired HazardHub, an insurtech provider of API-driven property risk insights to the P&C insurance industry. 

HazardHub powers decisions for 110+ organizations, including insurers, reinsurers, brokers, MGAs, and other insurtechs.

Insurers use HazardHub to underwrite with confidence, micro-segment rating zones, manage risks profitably, and drive competitive advantage.

HazardHub curates and analyses data to deliver a national catalog of risks that may damage or destroy property, including perils from air (wind, hail, tornado, lightning), water (flood, freeze, coastal storm surge), earth (earthquake, brownfield, Superfund), and fire (wildfire and fire protection).

Mike Rosenbaum, CEO at Guidewire, said: “Embedding HazardHub’s comprehensive property risk data service into Guidewire’s platform will drive tremendous value for our customers and the P&C insurance industry.”

Roger Arnemann, general manager, analytics, Guidewire, added: “We are excited about what HazardHub has built and even more by their passion, bold vision, and the host of challenges that we can tackle in combining their data and expertise with our market-leading platform.”

Bob Frady, co-founder and CEO of HazardHub, said: “We see joining Guidewire as the best way to get our hazard data and risk scores into more insurer workflows to positively impact more insurers and policyholders.”

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