EigenRisk
EigenRisk operates EigenPrism, a cloud-based catastrophe risk analytics platform integrating 30+ data providers for (re)insurers, brokers, MGAs, and corporate risk managers. The company delivers real-time event alerts, exposure analytics, and API-driven automated underwriting workflows via annual enterprise SaaS subscriptions.
- Company typePrivate
- Founded2014
- HeadquartersAnn Arbor, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What EigenRisk does
EigenRisk (founded 2014, Ann Arbor, MI) is a privately held insurance technology company that operates the EigenPrism platform, a cloud-based catastrophe risk analytics and modeling system targeting (re)insurers, reinsurers, brokers, Managing General Agents (MGAs), and corporate risk managers. The platform aggregates data from 30+ third-party providers — including government agencies (FEMA, NOAA, NASA, USGS), catastrophe model vendors (KatRisk, Fathom, GEM, Reask), and specialty providers (ICEYE, Property Guardian, EuroTempest, Salo Sciences, Guidewire HazardHub) — into a single analytics environment covering hurricanes, wildfires, earthquakes, floods, storm surge, hail, tornadoes, and winter storms. The company markets modules including EigenAlert (real-time event notifications delivered within minutes), EigenProfile (location-level risk reports), EigenPrism for Energy (upstream/downstream LOPI, BI, and CBI analysis), EigenExpress (data quality and geocoding tools), and EigenPrism APIs (supporting automated underwriting workflows).
The platform's technical architecture is API-first and cloud-delivered, with native iOS/Android apps and ISO 27001 certification supporting enterprise security requirements. EigenRisk sells EigenPrism primarily through enterprise field sales to large (re)insurers, brokers, and risk managers, supplemented by channel partnerships with data providers, brokers (Alesco), and third-party platforms (BMS Group's iVision). Revenue is generated via annual subscription contracts on a quote-based enterprise pricing model. Named customers include Swiss Re, Arthur J. Gallagher, Velocity Risk, Vave, Alesco Risk Management Services, and Miami Dade County Schools, with the platform analyzing 200M+ locations, processing 29K+ analyses, and triggering 100K+ alerts as of 2023.
EigenRisk appears to be a bootstrapped or conservatively funded company with 11-50 employees and no disclosed funding rounds. The company has pursued an aggressive partnership-led expansion strategy since 2024, adding satellite damage assessment (ICEYE), wildfire risk intelligence (Property Guardian), European windstorm data (EuroTempest), and embedded distribution (BMS Group iVision). The leadership team includes co-founders Eduardo Hernandez (Head of Business Development) and Deepak Badoni (President), with Henry Allen as CCO, Dan Pengue as CFO, and Andrew Hosman as VP Customer Success.
EigenRisk firmographics
Firmographics- Name
- EigenRisk
- Legal name
- EigenRisk, Inc.
- Website
- https://eigenrisk.com
- Company type
- Private
- Founded year
- 2014
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- EigenRisk operates EigenPrism, a cloud-based catastrophe risk analytics platform integrating 30+ data providers for (re)insurers, brokers, MGAs, and corporate risk managers. The company delivers real-time event alerts, exposure analytics, and API-driven automated underwriting workflows via annual enterprise SaaS subscriptions.
- Ownership category
- akta.pro rank
EigenRisk industry classification
Industry- Product category
- Catastrophe Risk Analytics
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Risk Scoring, Hazard & Geospatial Analytics (FSAOAIAE)
- akta.pro secondary industry
- Catastrophe Risk Modeling & Analytics Services (FSAOACAL)
Keywords
Where EigenRisk is headquartered
LocationHeadquarters
- HQ city
- Ann Arbor
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
EigenRisk business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Subscription-based SaaS Access to EigenPrism: EigenPrism is delivered as a cloud-based SaaS platform on a subscription basis. Customers (insurers, brokers, risk managers) pay recurring subscription fees for access to the platform, data integrations, analytics tools, and alert services. Subscriptions are likely tiered by feature set and user count.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise subscription model — specific tiers not publicly disclosed |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
EigenRisk product offering
Product offeringCore offering
EigenRisk provides EigenPrism, a cloud-based catastrophe risk analytics and modeling SaaS platform that delivers one-stop access to data from 30+ third-party providers, geo-visualization, multi-model execution, exposure analytics, and real-time event alerts for (re)insurers, brokers, MGAs, and corporate risk managers. The platform also offers API-driven integration enabling automated underwriting workflows and embedded distribution into partner systems. Revenue is generated through annual enterprise subscriptions sold via direct field sales.
Product overview
EigenRisk offers a unified catastrophe risk analytics platform called EigenPrism with a modular architecture. The core platform provides one-stop access to data, geo-visualization, modeling, and analytics across 30+ integrated data providers. The platform includes specialized modules: EigenAlert for real-time event notifications, EigenProfile for analytical reporting, EigenPrism for Energy for energy network assessment, and API capabilities for automated underwriting workflows. The platform supports exposure management, risk modeling, automated reporting, and real-time cat event response for (re)insurers, brokers, and corporate risk managers. Mobile apps and an express upload tool (EigenExpress Beta) complement the desktop platform.
Differentiator
Problem solved
Functional benefit
Brands
- EigenPrism: EigenRisk's proprietary cloud-based risk analytics and modeling platform providing real-time catastrophe risk management, exposure analytics, and event response capabilities.
- EigenAlert
- EigenProfile
Products and services
- EigenPrism Platform A cloud-based catastrophe risk analytics and modeling platform providing one-stop access to data, geo-visualization, modeling, and analytics for managing catastrophe and climate risks. Integrates 30+ data and model providers and supports real-time event response, exposure management, and automated alerts. Sold via annual enterprise subscription to (re)insurers, brokers, MGAs, and corporate risk managers.
Quantifiable outcome
- Reduces data preparation time from 90% to near-zero, shifting CAT team focus to analysis
- +4 more outcomes
Companies that use EigenRisk
Customer profileNamed customers8 records
Segments4 records
Ideal customer profiles3 records
EigenRisk technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
AI capability7 records
Feature9 records
EigenRisk partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core.
- Property GuardiancoreProperty Guardian partnered with EigenRisk to embed its wildfire risk intelligence (Wildfire Recurrence Risk Score) into EigenPrism, enabling commercial property underwriters and MGAs to assess wildfire-exposed properties using time-sensitive fire history and fuel dynamics data. Property Guardian's model identified areas of highest destruction 2-3 days before the January 2025 Los Angeles wildfires. The integration aims to help insurers pursue growth in wildfire-prone markets while reducing loss ratio volatility.
- BMS GroupcoreBMS Group integrated the EigenPrism platform into its catastrophe risk management system iVision, enhancing the platform's capabilities with real-time data, expanded data sources, and new analytics tools to assist insurers in risk evaluation and portfolio management.
- EuroTempestcoreEigenRisk partnered with EuroTempest to add European windstorm resources to its global catastrophe risk management platform, enhancing coverage for European windstorm risk assessment.
- ICEYEcoreICEYE partnered with EigenRisk through a joint webinar to demonstrate ICEYE's satellite SAR technology capabilities integrated with EigenPrism. ICEYE delivers rapid, granular damage assessment data within 24 hours of disaster events (hurricanes and wildfires), supporting insurance claims processing and disaster response. Coverage includes US East Coast for hurricane season.
- Salo SciencescoreEigenRisk added Salo Sciences' wildfire hazard models to its global catastrophe risk management platform, expanding wildfire risk analytics capabilities for users assessing properties in wildfire-prone areas.
- Alesco Risk Management ServicescoreAlesco selected EigenPrism for risk analytics and real-time event response. Alesco's expert consultants use the platform to help clients in global property, construction, and energy insurance markets assess and manage natural catastrophe exposures and negotiate related coverages with underwriters.
- FEMA (Federal Emergency Management Agency)coreFEMA provides data integrated into EigenPrism, including flood zone data for exposure augmentation and NFIP-related hazard information.
- NOAA (National Oceanic and Atmospheric Administration)coreNOAA provides weather and climate data integrated into EigenPrism for real-time event tracking and historical analysis of hurricanes, storms, and other weather-related perils.
- NASAcoreNASA provides satellite and earth observation data integrated into EigenPrism for catastrophe risk analytics and event assessment.
- USGS (United States Geological Survey)coreUSGS provides earthquake shakemap data and seismic hazard information integrated into EigenPrism's real-time event catalog for earthquake impact assessment.
- GEM (Global Earthquake Model)coreGEM provides global earthquake risk models and data integrated into EigenPrism for worldwide earthquake exposure analysis.
- KatRiskcoreKatRisk provides catastrophe risk models integrated into EigenPrism for hazard assessment and loss estimation.
- FathomcoreFathom provides flood modeling and data integrated into EigenPrism for flood hazard assessment and storm surge analysis.
- Canopy WeathercoreCanopy Weather provides real-time tornado proximity maps and damage survey footprints integrated into EigenPrism.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
EigenRisk competitors and assessment
Company assessmentEmerging players
- Reask: Tropical cyclone and severe convective storm risk modeling firm integrated into EigenPrism as a data partner. Comparable as an emerging specialist CAT analytics vendor targeting reinsurance and primary insurance clients with probabilistic peril models.
- Salo Sciences: Wildfire hazard data provider whose models are integrated into EigenPrism as a partner. Comparable as a specialty peril analytics vendor focused on the same secondary peril market EigenRisk serves for insurers.
- Fathom: Specialized flood and storm surge risk analytics provider integrated into EigenPrism as a data partner. Comparable as a focused peril modeling firm addressing similar insurance and reinsurance buyers.
- KatRisk: Catastrophe risk model vendor providing flood, hurricane, and wildfire models integrated into EigenPrism as a partner. Comparable as a specialist CAT model provider targeting reinsurers and primary carriers.
Broad incumbents
- Guidewire (incl. HazardHub): Major insurance core platform provider whose HazardHub subsidiary provides property-level hazard data. Competes with EigenPrism on hazard data and risk analytics but bundles it inside a much larger policy administration suite for insurers.
- Verisk (incl. AIR Worldwide): Broad insurance analytics and data giant whose AIR Worldwide subsidiary is a leading catastrophe modeling platform serving the same (re)insurer and broker base. Overlaps with EigenRisk in CAT analytics but offers a much wider portfolio of insurance vertical software.
- CoreLogic (Cotality): Property data and analytics provider serving mortgage, insurance, and real estate with natural hazard and property risk intelligence. Competes with EigenRisk on exposure data, geocoding, and hazard visualization for insurance customers.
Others
- ICEYE: Satellite SAR operator providing rapid post-catastrophe damage assessment imagery integrated into EigenPrism via partnership. Comparable as a data and analytics provider for catastrophe response in the insurance value chain, though it is also a partner rather than a direct substitute.
Direct peers
- Risk Management Solutions (RMS, a Moody's company): One of the largest catastrophe risk modeling firms globally, serving primary insurers, reinsurers, and brokers with probabilistic models for natural catastrophes. Directly competes with EigenPrism on CAT analytics for (re)insurers and has far greater scale and model-vendor pedigree.
- Karen Clark & Company: Independent catastrophe risk modeling firm serving insurers, reinsurers, and governments with probabilistic loss models. Closest pure-play independent peer to EigenRisk in CAT modeling and exposure analytics for the insurance value chain.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
EigenRisk social profiles
Digital presenceEigenRisk compliance and trust
Trust signalCompliance1 record
EigenRisk financial estimates
Financial estimateRevenue estimate
Valuation estimate
EigenRisk leadership team
Management profileNumber of profiles
Profiles5 records
EigenRisk funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
EigenRisk M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about EigenRisk
What does EigenRisk do?
EigenRisk provides EigenPrism, a cloud-based catastrophe risk analytics and modeling SaaS platform that delivers one-stop access to data from 30+ third-party providers, geo-visualization, multi-model execution, exposure analytics, and real-time event alerts for (re)insurers, brokers, MGAs, and corporate risk managers. The platform also offers API-driven integration enabling automated underwriting workflows and embedded distribution into partner systems. Revenue is generated through annual enterprise subscriptions sold via direct field sales.
Is EigenRisk a public or private company?
EigenRisk is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was EigenRisk founded?
EigenRisk was founded in 2014. It employs 11 to 50 people.
Where is EigenRisk based?
EigenRisk is headquartered in Ann Arbor, United States, in the North America region.
How does EigenRisk make money?
One revenue line is on record: subscription-based SaaS Access to EigenPrism.
Who are EigenRisk's main competitors?
Emerging players on record are Reask, Salo Sciences, Fathom and KatRisk. Broad incumbents are Guidewire (incl. HazardHub), Verisk (incl. AIR Worldwide) and CoreLogic (Cotality). ICEYE is listed as an others. Direct peers are Risk Management Solutions (RMS, a Moody's company) and Karen Clark & Company.
Does EigenRisk have an API?
Yes. EigenRisk offers an API-driven platform that enables automated workflows. Vave, a digital-first property MGA, uses the EigenPrism API to push current catastrophe data directly into their underwriting system for automated moratorium decisions. The integration moved from proof of concept to production in approximately two months through joint development with EigenRisk's team. The API supports automated underwriting moratoriums that run on autopilot, with the portfolio data refreshing overnight every night.
What industry is EigenRisk in?
EigenRisk's product category is Catastrophe Risk Analytics. Its primary akta.pro industry code is FSAOAIAE, Risk Scoring, Hazard & Geospatial Analytics, with a secondary code of FSAOACAL, Catastrophe Risk Modeling & Analytics Services. Its NAICS code is 522320 and its SIC code is 6282.