EigenRisk Adds Salo Sciences Wildfire Hazard Models to its Global Catastrophe Risk Management Platform
With Drought Conditions Widespread Across California and Western U.S., AI-Driven Resource Helps Monitor Wildfire Risk and Spread
ANN ARBOR, MI, June 30, 2021 – EigenRisk® today announced a new agreement with Salo Sciences, an ecological analytics and monitoring company and developer of the California Forest ObservatoryTM, to make Salo’s California wildfire probability and hazard mapping and related analytics available through the EigenPrism® catastrophe risk management platform.
“As worsening drought conditions across California and throughout the West signal yet another year of above-normal wildfire activity, there’s a tremendous need for timely and accurate information on risk levels and wildfire spread,” said Deepak Badoni, president, EigenRisk. “Our relationship with Salo Sciences brings a powerful resource that leverages satellite imagery, atmospheric, wind, humidity, environmental and forestry data and artificial intelligence to generate critical insights and accurate projections regarding wildfire potential, development and spread.”
“We’re pleased to offer our California wildfire probability and hazard assessment resources to the risk management and insurance community through EigenRisk’s platform,” said David C. Marvin, co-founder and CEO, Salo Sciences. “We developed the forest and wildfire monitoring resource, known as the California Forest ObservatoryTM to bring cutting edge data on the drivers of the state’s wildfire crisis to users who are impacted by and can impact the current state of affairs. These data can capture the complex drivers of wildfire hazard and exposure, and will provide an up-to-date, dynamic map of forests and wildfire.”
In addition to California, Salo Sciences is currently expanding its wildfire probability and hazard assessment resources to include the Pacific Northwest and Western U.S. during 2021, and subsequently throughout the Continental U.S. and North America. As soon as they become available these new resources will also be readily accessible on the EigenPrism platform.
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About Salo Sciences
Salo is an ecological analytics and monitoring company. Its mission is to enable sustainable ecosystem management by improving how landowners, government, and industry understand and invest in the natural landscape. The firm develops analytics products by combining ecological science, satellite imagery and artificial intelligence. Visit https://salo.ai and forestobservatory.com
EigenRisk, Inc., an independent insurance technology firm, helps (re)insurers, brokers and risk managers across the globe manage catastrophe risk, and drive higher growth, customer engagement and operational efficiency. The firm’s cloud-based platform provides one-stop access to powerful data management, geo-visualization, analytics, reporting, modeling, alerts and APIs. These capabilities are integrated with hazard data, event projections and simulations curated from more than 20 leading public and private sources to provide a more dynamic and complete perspective of risk. Visit www.eigenrisk.com.