Using geographic intelligence data to improve property underwriting

The looming decision on the replacement of the Statement of Principles and the second-wettest year on record in 2012 have made property risks more relevant than ever. Insurers are exploring new ways to underwrite household cover and by using more data to inform their decisions, they may be able to strike a balance between maintaining their profitability and offering policyholders a fair price.

This paper studies how insurers can make use of geographic intelligence data to build a more sophisticated view of property risks.