Cloud-based location intelligence platform Addresscloud has partnered with geospatial data and AI solutions provider Skyblu to give insurers access to a rich suite of address-level perils data for locations across mainland Europe.

The partnership responds to increasing insurer demand for help in underwriting and pricing property level risk in the wake of climate change, and signals Addresscloud’s growing capacity to support its clients with their multi-national risks.

Skyblu provides hyperlocal perils information by applying a combination of leading-edge actuarial science, climate expertise and AI algorithms applied to multiple European data sources. The new partnership allows insurers to access insights on perils including flash flood, windstorm, subsidence and wildfire at property level for a range of countries across mainland Europe, including France, Poland and Spain, through Addresscloud's easily accessible API.

Alun Jones, Chief Commercial Officer, Addresscloud, commented: "Our customers are increasingly asking for detailed and accurate risk information for their European risks at property level and with this partnership we are now able to meet those needs. We are looking forward to working together to develop this partnership and bring more countries and perils layers to our customers and the wider insurance market."

Kinga Kita-Wojciechowska , Skyblu CEO added: "An established insurance solutions provider like Addresscloud is the perfect partner for us. This allows us to bring our climate-related risk scores to many more insurers in Europe and we can’t wait to expand together to more countries soon.

“At Skyblu we believe that address-level data granularity is key for accurate and fair insurance pricing, and it’s a pleasure to work with the like-minded team at Addresscloud."