UrbanStat

Geospatial analytics and AI-powered property underwriting for carriers worldwide

Underwriting & Risk Startup Seed

Overview

UrbanStat is a property underwriting technology platform for insurance carriers, providing geospatial analytics and machine learning tools to improve risk selection and loss ratios. The company serves personal and commercial lines underwriters across North America, Europe, and Asia.

The platform delivers more than 20 modular solutions covering exposure management, risk selection, wildfire hazard mapping, and moratorium management. Data is accessed via API or direct system integrations, with implementations typically completed in approximately four weeks. The company analyzes property-level risk using 30 or more data attributes per location, combining geospatial datasets with AI/ML models.

UrbanStat was founded in 2013-2014, initially operating from Turkey before establishing a presence in the United States. The company has a seed-stage funding history and serves a global customer base that includes carriers in North America, the Middle East, Japan, and Europe, such as Safety Insurance, Sompo Japan, Gulf Insurance, and Vienna Insurance Group.

Products & Services

Exposure Management

Portfolio-level analytics and reporting tools for tracking aggregate risk exposure across a carrier's book of business. Enables underwriting teams to monitor concentration risk and analyze portfolio composition.

Key Features

Portfolio analytics and performance reporting
Risk concentration tracking by geography and peril
Book-of-business segmentation and trend analysis

Target Users: Portfolio managers, chief underwriting officers, actuaries

Risk Selection

Transaction-level risk assessment tools for individual property submissions. Automates underwriting decisions and pricing using geospatial data and machine learning scoring.

Key Features

Automated underwriting scoring per property
Pricing optimization based on risk attributes
30+ data points analyzed per location

Target Users: Property underwriters, underwriting teams

Wildfire Hazard Mapping

Specialized wildfire risk analysis and hazard mapping for property underwriting. Helps carriers evaluate wildfire exposure and apply appropriate underwriting treatment to at-risk properties.

Key Features

Property-level wildfire hazard scores
Geographic hazard zone mapping
Integration with underwriting workflows

Target Users: Personal lines and commercial property underwriters

Moratorium Management

Tools for applying and managing underwriting moratoria based on geographic risk data and hazard profiles. Supports carriers in suspending new business in high-exposure areas during active events.

Key Features

Geography-based moratorium triggers
Automated rule application for new submissions
Reporting on affected areas and policy counts

Target Users: Underwriting operations, compliance teams

At a Glance

Founded: 2014
Headquarters: Chicago, Illinois
Employees: 1-10
Funding: Seed

Category & Focus

Category: Underwriting & Risk
Subcategories: Geospatial Risk Analytics Property Underwriting Automation Exposure Management Wildfire Risk
Insurance Verticals: P&C Personal P&C Commercial Specialty/E&S
Target Customers: Carriers, MGAs/MGUs