Guidewire Acquires Property Risk Data Firm HazardHub

Insurance technology firm Guidewire Software said it has acquired HazardHub, an insurtech provider of property risk data to the property/casualty insurance industry for underwriting, marketing and claims.

HazardHub’s data is delivered in 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).

HazardHub’ said its API instantly provides risk scores and the supporting underlying information for any property in the country.

California-based HazardHub has a team of engineers and scientists with experience creating, modeling and deploying large geospatial databases.

Mike Rosenbaum, CEO, Guidewire Software, said his company will be embedding the HazardHub data service into its platform.