Insurance

Better insurance decisions with location intelligence

The world’s leading insurance carriers use location intelligence to assist in key business decisions. They rely on our integrated location intelligence solutions for book of business risk management, underwriting, rating, sales, marketing and distribution management as well as effective claims management, fraud detection, and compliance reporting. With our powerful analytical and visualisation capability, comprehensive industry datasets and professional services, risk managers, underwriters, claims managers, marketers and IT professionals make their insurance companies more competitive and profitable.

We experienced a net return on investment of more than 900% in the first ten months the Pitney Bowes MapInfo-based system was running.

Senior strategic planner, Property Insurer

Use location data to make better decisions:

Reduce risk through better understanding of your ‘book of business’ exposure

  • View policy addresses in proximity to risk factors
  • Analyse and visualise total financial exposure to events
  • Manage reinsurance treaties and geographic risk including international portfolios
  • Calculate and visualise risk data extracts from catastrophe modelling tools
  • Improve understanding of newly acquired books of business including run-off

Become more profitable by creating more accurate or customised rating territories

  • Set competitive pricing with detailed risk segmentation
  • Ensure policy premiums accurately reflect true risk

Reduce claims cost and expenses, and improve service increasing customer retention

  • Analyse prospective claims in areas threatened by disasters
  • Plan claims service resources based on projected need
  • Use location intelligence to maximise your purchasing power in the supply chain
  • Deploy web services to find best supplier or optimise routing

Improve insurance sales and business processes

  • Align sales, marketing and intermediaries to market potential
  • Predict purchase behaviours to optimise marketing and business development strategies
  • Cleanse, validate and geocode policy addresses in real-time to ensure accurate point of sale and operational data
  • Fully compliant (ACORD XML) web services technology integrates seamlessly with existing IT infrastructure, speeds low cost / low risk implementation

Pitney Bowes MapInfo insurance expertise

We are the leading global provider of location intelligence solutions. Insurance carriers around the world count on us for geographic analysis and predictive modelling solutions, demographic and risk data, and consulting services for all lines of business including Life, Auto and Property. Find out how we can help you transform your business with location intelligence.

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