The geographical location of a risk – where it is physically situated – is often a very important factor in insurance underwriting. That location potentially carries much information, including adjacent risks, risk concentration, natural features (bedrock or quicksand, floodplain or mountainside), expected weather, etc..
The power of location for insurance is not restricted to underwriting, but has application and potential benefit in marketing, claims, risk management and more.
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- Risk Management |
- Customer Communication Management
- Claims management
- Data quality and accuracy
- Migrating legacy insurance systems
Pitney Bowes Software helps today's leading insurance carriers to weather the storm of risk and uncertainty. Our location intelligent, data quality, communication management and predictive analytics solutions work together to enhance business decisions, systems and workflows including:
- View policy addresses in proximity to risk factors
- Analyze and visualize total financial exposure to events
- Manage reinsurance treaties and geographic risk
With powerful mapping software, comprehensive industry datasets and professional services from Pitney Bowes Software, corporate risk managers, underwriters, actuaries, claims managers, marketers and IT professionals make their insurance companies more competitive and profitable.