Effective Use of Geolocation to More Accurately Manage Risk
“Location, location, location” is a concept often associated with the real estate market, but property insurers understand the value of it, too. That’s because location information — specifically, geolocation data — is critical to calculating property risk. Indeed, quality geolocation data can paint the most complete and updated picture of risk for an insurer, allowing them to more accurately underwrite a policy. But how can insurers use geolocation data for risk management? And, maybe more importantly, as climate change and other shifts expand what locations are susceptible to specific risks, what does it take to do so effectively?
Download this white paper and learn about:
- What geolocation is & why it’s important to insurers
- What geocoding is
- Using geolocation to more accurately manage risk
- How to leverage the right data in the right way
- Gaining support for your geolocation and risk assessment needs