EigenRisk® adds Teren’s U.S. Wildfire Potential Model to its Global Catastrophe Risk Management Platform

ANN ARBOR, MI, December 19, 2022 – EigenRisk^® today announced a new agreement with Teren, Inc.^TM, a leading climate resilience data and analytics company, to make Teren’s U.S. wildfire potential model available through the EigenPrism^® catastrophe risk management platform.

In the aftermath of another record-breaking year for U.S. wildfire events and damage, there’s a tremendous need for precise information on wildfire risk within well-defined geographic areas. Our relationship with Teren brings a critical resource for risk managers and property insurance underwriters designed to depict relative potential for wildfire occurrence at a high resolution

-Deepak Badoni, President, EigenRisk

“We’re pleased to offer our U.S. wildfire potential model to the risk management and insurance community through EigenRisk’s platform,” said Katherine Kraft, director, Product at Teren. “Our model integrates and analyzes climate, terrain, vegetation, and land use data to create an index of wildfire potential for the conterminous U.S.”

Teren delivers climate resilience data to help organizations build and operate resilient businesses and sustainable communities. By harnessing remotely sensed data, powerful processing, and modern data science, Teren delivers hyper-localized, actionable insights to manage climate risk and build resilience over time. Its wildfire potential model explains 83 percent of variability in historical wildfire events occurring between 2000 and 2021.

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About Teren, Inc. 

Denver-based Teren is a leading climate resilience data and analytics company. By harnessing the plethora of remotely sensed data from orbit and airborne platforms, Teren delivers hyper-localized, asset-level insights for managing climate risk and building resilience over time. Teren uniquely solves complex problems by applying modern data science techniques, geo-intelligence, and high-performance computing to deliver timely, actionable results. Teren works with asset owners, developers, engineering firms, and insurers to pinpoint risk, reduce exposure and improve climate resilience. Visit: https://www.teren4d.com.

About EigenRisk^®

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.