Insurance

As part of the InsureTech revolution, geospatial technology has one of the most impactful roles to play in the industry for years to come.

Insurance

As part of the InsureTech revolution, geospatial technology has one of the most impactful role to play in the industry for years to come

 Single View of Customer

Single View of Customer

Your business may be divided up into different sections, but this does not mean that your data should too. Address management solutions pull customer data from different systems, cleanse and normalize the address records, and then distribute it across the organization. This makes customer data more reliable and insightful than ever, clearly offering your business a competitive advantage.

Customer Profiling

Spreadsheets are an unwieldly way to outline territories and assess the impact of changes. By using demographic and socioeconomic data, geospatial solutions allow you to analyze, target and acquire new customers to make your campaigns more data-driven, speed up your conversion rates and find new opportunities to boost revenues.

 Customer Profiling
 Usage Based Insurance

Usage Based Insurance

Usage based insurance (UBI) offers opportunities for new underwriting models that evaluate individual driving behaviour in the context of other drivers. To better understand the situation and have more insight, UBI data can also be enriched with geospatial data such as weather conditions, road roughness, speed limits, and much more.

Underwriting and Rating

It is impossible to predict when and where floods or wildfire disasters will hit, but the exposure to such natural events can be contained. Geospatial solutions enable you to drill down to a specific address to check policy information, claims history, building construction type, and inspection records. Based on such information, better rating and pricing practices can be drafted in areas that present the highest risk.

 Underwriting and Rating
 Claim Management

Claim Management

Processing a claim is often referred to as the moment of truth in the insurer-customer relationship. By leveraging geospatial solutions, insurance carriers can find the right balance to better lead claim management practices. This way, two targets are met: superior customer experience and better cost control to minimize the risk of claims leakage.

Fraud Detection

Different types of insurance fraud can occur in all areas of insurance. Make geospatial solutions your secret weapon to protect against, defend and quickly respond to fraud. Geospatial analytics allows insurance companies to find unusual patterns and visually detect anomalies faster than ever, protecting their organization from the economic impact of fraudsters.

 Fraud Detection
Aviva
Desjardins
Industriel Alliance
Intact insurance
Kentucky Farm Bureau
La Capitale
Nodak Insurance Company

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