Location Matters is a geographic risk mapping solution to assist insurers with underwriting, exposure management and risk selection. This combines state of the art risk mapping technology with the best of breed perils and geodemographic data to provide a powerful insight. Property risk in the insurance industry very much depends on a range of factors linked to the physical location. This includes the local environment, the types and construction of buildings, local crime rates, the demographic make-up of the population, physical hazards such as flooding, storm or extreme cold weather - these all need to be considered when assessing each risk.

Location Matters addresses the requirements of today’s insurance professional by providing a greater insight to risk on a highly granular basis. This can drive business growth with more profitable risk selection, enhanced underwriting and improved exposure management through insight into accumulations of risk across your book. Data quality is key, it not just pretty pictures, Location Matters is the only system to harness the power of a complete set of best of breed perils risk models including the market leading Business Insight data models for the UK property insurance market.

In today’s increasingly competitive and technology driven insurance market can you really afford to be without it?

Key Benefits

  • Better understanding of exposure by hazard
  • Improved risk selection
  • Greater underwriting accuracy
  • Identify new opportunities
  • Manage exposure and reduce reinsurance costs
  • Risk mapping technology for a deeper insight
Business Insight is a Verisk Business Verisk Analytics ®