Did you know that 67% of people in flood zones, where flood insurance is supposedly mandatory, still don’t have flood coverage? Even when the right coverage is in place, up to 60% of homeowners are underinsured by an average of 20%. There are now location-based data and software tools that are quite accurate in determining how many policyholders are at risk to certain perils as well as the ability to examine maximum probable loss to insurers jeopardized by catastrophic events.
In this webinar, we will present…
Advances in location intelligence, geospatial data and geoenrichment to make these insights more available to decision-makers and to operationalize this data and tools so they become part of the everyday process of evaluating risk. These datasets will reveal discrepancies in coverage and alert to the possibility of higher exposure from policyholders that are underinsured. Now, with the right tools, you can assess a more factual level of risk associated with every insurance policy issued.
We’ll also provide a demonstration showing:
- Pinpoint the location of perils such as flood, wind, earthquake, and wildfire.
- Incorporate details on the property owner, zoning, land use and condition.
- Geocode address data with high precision.
- Know the property’s exact square footage, plus the number and type of rooms.
- Calculate the exact distance from coastlines, flood zones, fire hydrants and more.
- Validate consumer profiles, including marital status, occupation, and the presence of younger drivers.
