Reduce risk. Improve profitability.
In today’s ever-changing marketplace, insurance businesses need to make better, faster, data-driven decisions. By deploying location intelligence as an enterprise asset, you will increase underwriting productivity, reduce fraud and improve overall profitability.
Sharpen Risk Assessment
Using advanced models for multiple perils, insurers can better understand risk and price competitively. With precision risk assessment, typically at property level, you will gain valuable insights into your overall portfolio exposure to perils and accumulations. This holistic approach to risk management also reduces costs by, for example, optimising the use of reinsurance.
Transform Underwriting Operations
Leave no part of your business behind by deploying location intelligence solutions across the enterprise, including third parties such as brokers and MGAs. As an essential component of underwriting modernisation, the automation of risk management ensures underwriting discipline across operations. Underwriting productivity can be further optimised by personalised role-based access to data. Efficient, streamlined processes will save time, reduce costs and improve profitability.
Improve Fraud Detection
Quickly spot anomalies and protect your organisation against fraud. Location intelligence can help identify asset conversion, application fraud, false insurance claims, facility takeover fraud, identity fraud and misuse of facility fraud.
For example, if you received claims from 389 City Road, London EC1V 1NA and 1 Colebrooke Road, London N1 8DB, would your current fraud detection know they were direct neighbours?
Location intelligence offers many benefits to your insurance sales and marketing activities. It allows market potential and penetration to be estimated and highlights market opportunity hotspots. As part of a mobile strategy, personalisation can also be enhanced using geographically targeted marketing.
Location Intelligence Solutions for Insurance
Risk Insight offers a powerful yet intuitive means of assessing risk across your property portfolio. Developed for insurers, public sector bodies and property managers, it provides a clear picture and understanding of individual risks and overall exposure. Implemented as an online service, Risk Insight can be integrated with your internal systems to provide a rich, seamless experience for your users.
viaEuropa is the award-winning hosted map and API platform from Europa Technologies. It delivers high quality, fully maintained, digital maps and geodata directly to your web applications, desktop GIS and mobile apps. Use viaEuropa to drive location intelligent solutions quickly, easily and efficiently.
Global CRESTA Plus
Global CRESTA Plus helps brokers and reinsurers assess and present natural hazard risk, based on CRESTA zones, using the system established by the world’s leading reinsurers. It enables applications to quickly establish the CRESTA zone and then analyse/present aggregate risk across a portfolio. Global CRESTA Plus offers insurers an important basis for aggregated risk assessment, exposure management and reinsurance negotiation and reporting.
International Map Data
With comprehensive, consistent and dependable data for nearly every country & region of the world, we are your trusted partner for international map data. Explore our extensive inventory of base maps, postcodes, regions & boundaries, socio-demographics, purchasing power, consumer profiles, peril maps, CRESTA zones, mobile network coverage and marine maps.
Global Map Data
Global map data is a cornerstone in the history of Europa Technologies. Our market-leading data products are the choice of SMEs, prestigious Fortune Global 500 companies, governments and missions of the United Nations. As a result of a long-standing integration with Google Earth and Google Maps, our global data products have been seen by over one billion people, approximately one in seven of the world’s entire population.
Europa Data Vault
Europa Data Vault is a managed data delivery platform supporting OS data products, including OS MasterMap, VectorMap Local and AddressBase. The service delivers the latest version of every product included in the PSMA and OSMA. Data is available in a range of spatial data formats and delivered by secure download.
How can we help you?
If you have any questions about our solutions for the insurance industry (technical, licensing, pricing, etc.) or would like to arrange a free personalised demo at a time that suits you, please get in touch using the links above. Alternatively, contact one of our product specialists who will be happy to help you.
Our location intelligence products and services provide great opportunities for resellers, system integrators and data brokers. Contact us today about partnering with Europa Technologies and explore how we might benefit from working together.