Highlighting the benefits of GI data for the financial sector
We’ve recently added a new video to our official Ordnance Survey channel on YouTube. It’s an introduction to underwriting using geographic information (GI).
With so much uncertainty in such a highly competitive marketplace, insurers rely on accurate intelligence to stay ahead. Intelligence to help them reduce fraud, plan for contingencies or help comply with legislation like Solvency II. Our GI is used extensively to accurately underwrite profitable business the industry relies on. It enables businesses to pinpoint individual addresses and assess risk rather than banding up properties into postcodes and assessing the risk for a group of properties. Used in this way our data makes a difference to the bottom line, identifying 25% more properties that had previously may have been too high a risk to underwrite.
Why not take a look? Let us know what you think…
Themocracy