As natural disasters and catastrophic events become increasingly prevalent, insurers and reinsurers are in a constant quest to bolster their portfolio resilience. This shift has led to an overhaul of risk models and an uptick in rates, prompting a critical need for insurers to recalibrate their offerings and strike a balance between customer retention and financial stability.
A significant challenge facing insurers and financial institutions is the lack of a unified, holistic view of portfolios. Key indicators are often deficient risk assessments, whether they pertain to natural hazards, socio-demographic factors, or structural issues according to properties.
Geographic Information Systems (GIS) and high-quality data sources enabling access to precise and actionable property insurance data. To achieve sustainable resilience, insurance carriers are increasingly dependent on detailed geospatial datasets throughout their customer lifecycle. However, the integration of such external datasets presents its own set of challenges.
In this webinar, you will discover:
- The critical role of property data solutions
- Strategies for selecting and benchmarking key variables to refine risk models
- Methods for deploying a robust and resilient geospatial infrastructure
- Techniques for integrating geospatial data into your core insurance platforms
