Mitigate Risk with ArcGIS for Insurance
Insurance companies are increasingly relying on location intelligence solutions to complement their existing BI and analytics processes to make more informed decisions. ArcGIS for Insurance leverages the “where” component of business data to help brokers, insurers, and reinsurers derive meaningful location-based insights to solve specific business problems. ArcGIS for insurance can be implemented for both personal and commercial lines across different sectors of business.
Mitigate Risk with ArcGIS for Insurance
Insurance companies are increasingly relying on location intelligence solutions to complement their existing BI and analytics processes to make more informed decisions. ArcGIS for Insurance leverages the “where” component of business data to help brokers, insurers, and reinsurers derive meaningful location-based insights to solve specific business problems. ArcGIS for insurance can be implemented for both personal and commercial lines across different sectors of business.
ArcGIS for Insurance includes:
ArcGIS for Insurance includes:
Location/Spatial Analytics
Add another dimension to your analysis with our wide range of powerful analysis tools. Analyse seemingly unrelated data to reveal patterns, trends, and relationships that are impossible to see on a spreadsheet. Location analytics in ArcGIS software provides an easy way for insurance companies to discover unknown problems, model situations, and implement the best solutions to minimize portfolio risk.
- Understand aggregate exposure across lines of business.
- Use our predictive analysis tools to better understand possible future patterns and trends.
- Better analyse sales territories and agent opportunities.
- Identify high- and low-performing areas for sales optimization.
- Analyse potential high risks surround insured properties (e.g. evaluate the possibility of a devastating fire next door to insured property, or calculate the response time from the nearest fire station).
- Use sophisticated proximity analysis tools (e.g. calculate and display the closest repair shops to a client’s location).
- Analyse clustering and frequency of claims for fraud detection and investigation.
Geocoding and address validation
- Know where your policyholders live and work.
- Know where insured risks are located.
- Address validation at point of capture.
Mapping and Visualisation
Visualising data on a map is more effective than presenting it in static tables. Use ArcGIS technology to:
- Create maps of business data and analyse results
- Visualise data using dynamic dashboards
- Showcase information using web maps and web apps
Field Mobility
Improve the efficiency of risk assessments with our range of field mobility mobile apps. Having accurate assessment information helps to identify the likelihood of loss, which is critical for providing proper coverage and expert service.
- Send risk assessors out with intelligent form based mobile apps for efficient data collection.
- Record coordinate of assessed property with one click of a button.
- Automatically generate consistent risk assessment reports.
Third party geographic datasets
We provide a variety of third party datasets to enhance analysis. These datasets cover themes such as administrative boundaries, postal code boundaries, cresta zones, demographics, population, land use, crime rates and flood zones.