Chicago, IL – (March 2, 2018) – UrbanStat, Inc., a leading provider of software for insurance organizations that helps visualize and analyze location-based risks, has joined the American Association of Insurance Services (AAIS) as an associate partner. AAIS is the only national member-owned, non-profit insurance advisory organization that provides specialized services to property/casualty insurers.
Since 2014, UrbanStat has been servicing P&C carriers with advanced risk analytics and machine learning based risk prediction solutions in Europe, and has recently expanded into the United States. As an associate partner, UrbanStat will provide custom risk analytics and machine learning that help AAIS members improve their underwriting processes.
“We are excited to join AAIS as an associate partner,” said Anil Celik, CEO of UrbanStat, “and to provide opportunities for its members to improve their underwriting capabilities, as we have for our partners across Europe and the U.S. over the last 3 years.”
“We at AAIS are happy to have UrbanStat join the AAIS Associate Partner Program.” According to Truman Esmond, VP of Solutions & Partnerships at AAIS, “Integrating UrbanStat insights into core operations and AAIS programs will enable underwriters to better identify, evaluate and visualize risk.”
About UrbanStat, Inc
UrbanStat helps insurers to better predict the likelihood of “make or break” claims at the time of underwriting. Its core technology – fully automated underwriting API – utilizes a unique ensemble of geographic modeling, statistical modeling, machine learning, and human intelligence. Besides underwriting automation, UrbanStat offers end-to-end analytic solutions, which enables underwriters, risk engineers, reinsurance managers, and C-level managers to prepare and access tabular, visual and spatial reports for their portfolio within seconds.
Established in 1936, AAIS continues to serve the Property & Casualty insurance industry as the only national non-profit advisory organization governed by its member companies. AAIS offers innovative products including standardized policy forms, program rules, and loss costs for rate-making for 34 programs, industry leadership in research and data development, and unrivaled customer service, value, and efficiency. Over 700 insurers, including most of the largest national carriers, rely on AAIS. For more information about AAIS, please visit www.aaisonline.com.