SpatialKey
SpatialKey, build technology that simplifies how insurers gain insights from information.
- Company typePrivate
- Founded2011
- HeadquartersDenver, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What SpatialKey does
SpatialKey is a cloud-based geospatial analytics platform purpose-built for the property and casualty (P&C) insurance industry. Founded circa 2008, the company embeds location-based risk visualization and financial impact analysis directly into underwriting, quoting, event response, and portfolio management workflows for insurance carriers, brokers, MGAs, reinsurers, and wholesalers. The platform's core technology is a modern, browser-native HTML application suite comprising four primary modules: an Underwriting Application that translates location risk into dollar impact using 70+ integrated hazard data providers; an Event Response Application for real-time catastrophe monitoring with automated alerts; an Accumulations Application for portfolio-level concentration analysis using ring, grid, and target models; and an Analyst Application for ad hoc mapping. Supporting infrastructure includes a Data Marketplace aggregating SwissRe CatNet, FEMA, NOAA, Vexcel, KatRisk, and other data sources, plus public APIs for embedding geospatial analytics into customer systems. Native computer vision capabilities process Vexcel high-resolution aerial imagery covering 99.6% of the US population for property assessment and post-event damage verification.
SpatialKey operates as a wholly-owned subsidiary of Insurity, a P&C insurance software provider backed by private equity firms GI Partners and TA Associates. The company was acquired by Insurity in December 2019, and the parent company subsequently acquired Maprisk in October 2021 to extend hazard data capabilities. Revenue is generated through multi-year SaaS subscription contracts with usage-based billing for Vexcel imagery tiles ($0.211-$0.520 per tile), and indirect revenue through data provider relationships. The platform serves 200+ insurers, brokers, and MGAs, with named enterprise customers including Markel, Chubb, Everest, Acuity, Gallagher, RLI, AEGIS London, and Juniper Re. Distribution is primarily through direct enterprise field sales leveraging Insurity's established customer relationships, with a secondary API-first channel for system integration. The platform is undergoing an AI transformation, with an AI Support Assistant launched in 2026 and LLM-powered natural-language spatial queries on the roadmap, designed to reduce dependence on scarce GIS expertise and accelerate enterprise deployment.
SpatialKey firmographics
Firmographics- Name
- SpatialKey
- Legal name
- SpatialKey, Inc.
- Website
- http://www.spatialkey.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- SpatialKey, build technology that simplifies how insurers gain insights from information.
- Ownership category
- akta.pro rank
SpatialKey industry classification
Industry- Product category
- Insurance Geospatial Analytics Software
- NAICS
- Geophysical Surveying and Mapping Services (541360)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- GIS & Spatial Data Management Platforms (BPAMANAK)
- akta.pro secondary industries
- Satellite Imagery & Remote Sensing Geospatial Platforms (BPAMANAM), Alternative Data Providers (Web, Satellite, Geolocation, ESG Signals) (FSAFAIAH), Geocoding, Search & Place Data Platforms (BPAMANAC)
Keywords
Where SpatialKey is headquartered
LocationHeadquarters
- HQ city
- Denver
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
SpatialKey business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations
Revenue model
- Software-as-a-Service (SaaS) Subscription: Cloud-based platform access with subscription licensing model. Customers access the platform via browser with various application modules (Underwriting, Event Response, Accumulations, Analyst) included in licensed packages.
- High-Resolution Imagery Tile Usage: Usage-based tile consumption for Vexcel high-resolution imagery. Blue Sky tiles $0.211-0.325 per tile depending on package vs pay-as-you-go; Gray Sky tiles $0.390-0.520 per tile.
- Third-Party Data Provider Access: Some data providers (Aon Impact Forecasting, IHS Markit, Gallagher Re) require existing customer relationships before data can be consumed within SpatialKey, potentially creating referral or partnership revenue streams.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Usage-based | Multi-year contract | Package Plan - Blue Sky Imagery |
| Usage-based | Multi-year contract | Package Plan - Gray Sky Imagery |
| Usage-based | Pay-as-you-go | Pay-as-You-Go - High-Res Imagery |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
SpatialKey product offering
Product offeringCore offering
SpatialKey sells a cloud-based geospatial analytics platform that embeds financial impact and risk visualizations directly into insurance underwriting, event response, and portfolio management workflows. The platform includes dedicated browser-based applications for underwriting, catastrophe event response, portfolio accumulation analysis, and general mapping, all fed by an integrated data marketplace connecting 70+ third-party hazard and event data providers and Vexcel high-resolution aerial imagery. Customers are predominantly insurance carriers, brokers, MGAs, reinsurers, and wholesalers who license the SaaS platform and consume usage-based imagery tiles.
Product overview
SpatialKey is a cloud-based geospatial analytics platform owned by Insurity (acquired December 2019), offering embedded risk intelligence for insurance carriers, brokers, MGAs, reinsurers, and wholesalers. The platform centers on the SpatialKey Platform with core applications including: the Underwriting Application for location-based risk assessment and policy pricing; the Event Response Application for real-time catastrophe management; the Accumulations Application for portfolio-level concentration monitoring; and the Analyst Application for general mapping and analysis. Supporting modules include a Data Marketplace connecting to 70+ third-party hazard and event data providers (including CatNet/SwissRe, FEMA, NOAA, KatRisk, Vexcel, RedZone, and many others), Vexcel High-Resolution Imagery for pre/post-event property assessment, and SpatialKey APIs for developer integration. Legacy offerings include the Hazard Analyst application and SpatialKey Client for Windows (for Flash-based applications), both being phased out in favor of modern HTML applications. The platform uses AI to simplify complex geospatial analysis, automate workflows, and provide intelligent insights without requiring specialized GIS expertise.
Differentiator
Problem solved
Functional benefit
Products and services
- SpatialKey Platform Cloud-based geospatial analytics platform that embeds financial impact and risk visualizations directly into insurance workflows. Enables carriers, brokers, MGAs, reinsurers, and wholesalers to assess risk, price policies, manage aggregations, and respond to catastrophic events.
- Underwriting Application Browser-based application for location-based risk assessment during the underwriting process. Translates location risk into dollar impact, visualizes hazards with real-time data from 70+ providers, and enables accumulation analysis at point of underwriting.
- Event Response Application Browser-based catastrophe management application for real-time event monitoring, portfolio impact analysis, and response coordination. Provides automated event alerts, summary reports, maps, and detailed lists with filtering, statistics, and dashboard sharing capabilities.
- Accumulations Application Portfolio-level exposure management for identifying and monitoring concentration of risk across geographic areas. Supports ring, grid, and target accumulation models with configurable metrics, thresholds, and reporting.
- Analyst Application Modern HTML browser-based mapping and analysis application replacing legacy Flash-based Map Analyst. Provides visualization, filtering, and analysis capabilities for geospatial data.
- Data Marketplace Comprehensive risk intelligence ecosystem providing access to hazard and event data from 70+ providers covering flood, wildfire, hurricane, earthquake, severe storm, terrorism, and other perils. Available across Underwriting, Event Response, and Hazard Analyst applications.
- Vexcel High-Resolution Imagery Premium high-resolution aerial imagery from Vexcel covering 99.6% of U.S. population. Includes Blue Sky (pre-event) and Gray Sky (post-event) imagery for property assessment, underwriting, claims review, and catastrophe response. Tile-based billing with package and pay-as-you-go options.
- SpatialKey APIs Public APIs enabling developers to integrate geospatial analytics capabilities including underwriting analysis, exposure management, accumulation lookups, batch analysis, data import/management, and geocoding into external systems.
Quantifiable outcome
- Faster risk assessment with embedded financial impact
- +2 more outcomes
Companies that use SpatialKey
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
SpatialKey technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration36 records
AI capability10 records
Feature8 records
SpatialKey partnerships and signals
Strategic signalPartnerships
18 partnerships are on record, tiered core, flagship and standard.
- MapriskcoreInsurity acquired Maprisk in October 2021, expanding SpatialKey's collective capabilities with high-resolution hazard data, automated risk workflows, and a deep library of third-party data sources. This acquisition strengthened SpatialKey's position as market leader in geospatial solutions.
- InsurityflagshipSpatialKey was acquired by Insurity in December 2019 (announced January 2020), joining as a wholly-owned subsidiary. As part of Insurity, SpatialKey expanded the reach of its geospatial intelligence, strengthening Insurity's broader data and analytics solutions.
- CoreLogiccoreProvider of crime data including crime index scores and property crime metrics integrated into underwriting risk assessment.
- SkyBlucoreProvider of France-based models for landslide, subsidence, wildfire, hail, wind, and flood risk assessment across multiple perils.
- Athenium AnalyticsstandardProvider of severe convective storm data including hail, tornado, wind, ice storm, and rainfall hazard models.
- USGScoreUS Geological Survey provides earthquake/seismic data, volcano data, and elevation data integrated into risk assessment.
- ICEYEcoreProvider of post-event flood and wildfire imagery for event response, enabling rapid damage assessment through satellite radar imaging.
- ReaskcoreProvider of tropical cyclone wind and rainfall models for hurricane risk assessment in event response applications.
- CanopystandardProvider of hail, tornado, and wind damage models for severe convective storm risk assessment.
- KineticcoreProvider of hurricane wind and storm surge models for event response and underwriting risk assessment.
- SwissRe CatNetcoreData provider for CatNet hazard models including earthquake, flood, hurricane, storm surge, tsunami, wildfire, subsidence, and landslide risk data. Multiple CatNet models integrated into underwriting application.
- KatRiskcoreProvider of hurricane wind, storm surge, and flood hazard models integrated into both underwriting and event response applications for risk assessment.
- VexcelcoreProvider of high-resolution aerial imagery (Blue Sky and Gray Sky) covering 99.6% of US population. Imagery available in underwriting, event response, and claims workflows for property assessment and damage verification.
- NOAANational Oceanic and Atmospheric Administration provides hurricane wind data, storm surge data, precipitation forecasts, earthquake data, and aerial imagery for event response and underwriting analysis.
- FEMAcoreFederal Emergency Management Agency provides flood hazard data including FEMA flood zones integrated into underwriting risk assessment.
- JBA Risk ManagementcoreProvider of flood hazard data for multiple regions including UK, Ireland, South Africa, Mexico, Bermuda, and international markets. Flood models integrated into underwriting and event response.
- RedZonecoreProvider of wildfire risk data including RZRisk3+ US Underwriting model with distance to zone calculations and wildfire extreme risk scoring.
- PreciselycoreProvider of wildfire risk scoring, property characteristics, and crime data for underwriting risk assessment.
Scale indicators4 records
Recent moves6 records
Expansion highlights10 records
SpatialKey competitors and assessment
Company assessmentBroad incumbents
- Verisk: Verisk is the dominant insurance data, analytics, and catastrophe modeling platform through its ISO, AIR Worldwide, and Xactware franchises. It competes broadly with SpatialKey on property analytics and hazard modeling and is also SpatialKey's data partner via its ownership of Vexcel, making it both a competitor and supplier.
- CoreLogic: CoreLogic provides property data, analytics, and valuation services to insurance and real estate markets, including wildfire, flood, and crime data that compete with and complement SpatialKey's HazardHub, Precisely, and Maprisk data partnerships.
- Guidewire Software: Guidewire is a leading P&C insurance core system platform whose HazardHub acquisition added geospatial risk scoring analytics directly competitive with SpatialKey's location-based risk assessment and concentration management capabilities.
Direct peers
- Cape Analytics: Cape Analytics applies computer vision to aerial imagery to deliver instant property intelligence for insurance underwriting and risk selection, directly overlapping with SpatialKey's Vexcel-backed Blue Sky property assessment and AI Property Characteristics features.
- Betterview: Betterview is a property intelligence and inspection platform combining aerial imagery, computer vision, and risk scoring for insurance carriers, brokers, and MGAs across underwriting and catastrophe response workflows similar to SpatialKey's core applications.
- RMS (Risk Management Solutions): RMS, now part of Moody's, is a leading catastrophe risk modeling platform providing peril models, event response, and accumulation analytics closely aligned with SpatialKey's Underwriting, Event Response, and Accumulations applications for P&C carriers and reinsurers.
- AIR Worldwide: AIR Worldwide, owned by Verisk, is a catastrophe modeling and risk analytics provider serving insurers and reinsurers with the same hazard and accumulation analytics use cases targeted by SpatialKey's CatNet, KatRisk, and FEMA integrations.
Emerging players
- ZestyAI: ZestyAI applies AI and geospatial data to climate and property risk analytics for insurance, offering peril-specific models (wildfire, hail, wind) that overlap with several CatNet, RedZone, and Precisely integrations available within SpatialKey's data marketplace.
Others
- KatRisk: KatRisk provides flood, hurricane wind, and storm surge hazard models integrated into SpatialKey's Underwriting and Event Response applications; it is both a data partner and an adjacent peril-modeling vendor for carriers evaluating alternatives.
- ICEYE: ICEYE is a satellite radar imaging provider of post-event flood and wildfire data integrated into SpatialKey's Event Response, and a broader satellite-based property intelligence competitor to Vexcel's aerial imagery offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
SpatialKey social profiles
Digital presenceSpatialKey financial estimates
Financial estimateRevenue estimate
Valuation estimate
SpatialKey leadership team
Management profileNumber of profiles
SpatialKey funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
SpatialKey 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 SpatialKey
What does SpatialKey do?
SpatialKey sells a cloud-based geospatial analytics platform that embeds financial impact and risk visualizations directly into insurance underwriting, event response, and portfolio management workflows. The platform includes dedicated browser-based applications for underwriting, catastrophe event response, portfolio accumulation analysis, and general mapping, all fed by an integrated data marketplace connecting 70+ third-party hazard and event data providers and Vexcel high-resolution aerial imagery. Customers are predominantly insurance carriers, brokers, MGAs, reinsurers, and wholesalers who license the SaaS platform and consume usage-based imagery tiles.
Is SpatialKey a public or private company?
SpatialKey is a private company. It is classified as corporate owned and is currently operating.
When was SpatialKey founded?
SpatialKey was founded in 2011. It employs 11 to 50 people.
Where is SpatialKey based?
SpatialKey is headquartered in Denver, United States, in the North America region.
How does SpatialKey make money?
Three revenue lines are on record. Software-as-a-Service (SaaS) Subscription is the primary driver. The others are high-Resolution Imagery Tile Usage and third-Party Data Provider Access.
Who are SpatialKey's main competitors?
Broad incumbents on record are Verisk, CoreLogic and Guidewire Software. Direct peers are Cape Analytics, Betterview, RMS (Risk Management Solutions) and AIR Worldwide. ZestyAI is listed as an emerging player. Others are KatRisk and ICEYE.
Does SpatialKey have an API?
Yes. SpatialKey offers public APIs for developers including Import & Data APIs, Lookup APIs, and Geocoding APIs. These APIs enable developers to integrate SpatialKey's geospatial analytics capabilities into external systems. Available API features include: geospatial underwriting analysis, exposure management, accumulation lookups, batch analysis, data import/management, geocoding, and event response automation. API documentation and technical documentation are accessible via the support portal. Developer documentation is at support.spatialkey.com/spatialkey-api-quick-start-guide.
What industry is SpatialKey in?
SpatialKey's product category is Insurance Geospatial Analytics Software. Its primary akta.pro industry code is BPAMANAK, GIS & Spatial Data Management Platforms, with a secondary code of BPAMANAM, Satellite Imagery & Remote Sensing Geospatial Platforms. Its NAICS code is 541360 and its SIC code is 6411.