minimizing risk with p&c insurance and re-insurance data

Minimizing Risk with P&C Insurance and Re-insurance DataA world of data

Pitney Bowes | Minimizing Risk with P&C Insurance and Re-insurance Data

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Today’s Presenters

Andy BellDirector Global Data Product Management, Pitney Bowes

Andy has accumulated a wealth of experience over 25 years in geographic/demographic data and analytics, leading teams involved in retail location analysis, product development, statistical modeling and GIS. He previously worked for GMAP, GlaxoSmithKline and CallCredit instigating a number of innovative data developments including creation of an International suite of geodemographic classifications which now covers 37 countries. Andy drives the data strategy for Pitney Bowes where he identifies and develops innovative data products to meet new and exciting client demands.

Sue DisyPrincipal Solutions Engineer, Pitney Bowes

Sue supports the Pitney Bowes Americas sales organization with our Location Intelligence software solutions and data. Sue has been with the organization for nearly 24 years and has previously held the positions of Sales Engineer and Software Trainer. She has worked with a variety of our software products ranging from data analytic tools, geocoding technologies and of course, our desktop mapping software, MapInfo Pro. Sue studied Geography and GIS at SUNY New Paltz and SUNY Albany.

Pitney Bowes | Minimizing Risk with P&C Insurance and Re-insurance Data 3

Global coverage, providing clients access to the most comprehensive data catalogue.

Focus on providing global breadth and local depth.

Make our data assets available in new ways, to new customers, for new needs.

Global Data Strategy


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Global Data

World Streets

• Map Tiling

• World StreetPro

• StreetPro by Country

• StreePro Nav

• Desktop Routing & Drivetime

• Enterprise Routing & Drivetime

World Points of Interest

• World Points of Interest (POI) Premium

• World Points of Interest (POI) Base

• Retail Destinations

• Retail Pitch

• Digital Elevation Models

World Boundaries

• World Boundaries Premium

• Postcode and Admin Boundaries, Points and reference tables

• WorldInfo & World Timezones

• Cadastre, Parcel, Building Outlines & Indoor Maps

• Telco

• Risk & Hazard

World Demographics

• Base Demographics

• Detailed Demographics

• Geodemographics

• Location Attributes

• Income & Purchasing power

• Consumer spend

Utilizes geocoding/reverse geocoding to append address-specific data allowing clients to enrich customer data.

Provides a robust set of libraries to attribute address with spatial data.

Enables the easy consumption of location intelligence data.

Becomes a delivery channel for additional data products. Provides an important pathway to deliver new products that our clients find valuable for risk, opportunity and insights.• Partner data• Data monetization• Advanced spatial modelling of data from many sources

Geo-enrichment


Spatially-enriched data asset

Geo-enrichment module

Spatially-enriched data asset

PB performs spatial assignment of our data asset to address locations

Solution DataLocation Context

POIMLDData

Geo-Code

Reversed Geo-Code


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P&C and Re-insurance

Underwriting and Actuarial

Underwriting• Competitive pricing • Determine probable maximum loss (PML)• Improve risk assessment and reduction in

portfolio exposure• Risk accumulation

Actuarial• Improve product design and pricing • Better manage rate and state filing

requirements• Enhance financial risk models

Customer InsightClaims and Marketing

Claims• Streamline the claims process, claims

adjustor response and routing• Identify potential fraud• Increase customer satisfaction and

retention

Marketing• Find, acquire and retain high value

customers• Target the right customers in the right

locations• Develop and refine up-sell/cross-sell

campaigns• Recruit and retain key agents and brokers


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Common Underwriting and Actuarial Questions

How do I understand a locations risk to natural hazards?

How do I understand a locations risk to manmade hazards?

What is my overall risk exposure?

How can I analyze and visualize my risk accumulation?

How can I price more effectively?

What types of products do consumers need?


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Primary Datasets for Underwriting and Actuarial

Risk Data

Utilize a wide range of risk data to evaluate natural hazards like flood, fire and weather-related events.

Understand human-related risk such as crime and terrorism.

Recognize the risk exposure by location.

Points of Interest

Understand the local and regional context of risk—business or commercial risks located nearby.

Identify what businesses and premises could be impacted by a risk event.

Boundaries

Utilize a pre-defined geography such as postcodes and cresta zones to define areas of risk.

These and other attributes provide an easy way to analyze risk exposure by location.

Demographics

Describe the people who live in a location and how many may be exposed to a variety of natural and manmade risks.

World Points of Interest


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Location Data: World Points of Interest


Provides location information and details for a diverse pool:• Business Locations• Leisure Hot Spots• Geographic Features

With this insight, make more informed decisions around:• Risk analysis• Citizen access to services or recreation

facilities• Store location, location-based marketing• “Find my nearest” searches

Updated quarterly.

Global coverage.

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World Boundaries


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CRESTA Zones


CRESTA: Catastrophe Risk Evaluating and Standardization Target Accumulations

CRESTA boundaries depict industry-standardworldwide zones of natural disaster areas as determined by the CRESTA organization.

Identify areas of elevated risk from natural hazards such as earthquake, storms and floods.

Available in low and high resolution.

Global coverage.

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Risk Data Suite™


Risk Data Suite


Flood Risk Pro

Unique dataset combining historic archived data converted to digital format and the most recent updates from FEMA.

Identify immediate and historical trend risk (100 year flood zones).

USA coverage.

Fire Risk Pro

Underwrite in high value areas where the competition cannot.

Define nationwide risk scores by coupling wildfire loss data and risk.

Calibrate wildfire risk with historical loss data to predict portfolio exposure.

Perform national wildfire risk portfolio management with one consistent solution.

Earthquake Bundle

Comprehensive spatial data for analyzing ground shaking effects on property:• Residential and

commercial• Gas lines, pipe lines

and utilities

Datasets:• Fault lines and fault

zones• Earthquake

epicenters• Earthquake

exposure• Earthquake

frequency

USA coverage.

Mass Movement Bundle

Large amounts of rock and soil movement:• Mountainous or hilly

areas• Volcanic activity• Caves• Mines

Contains:• Landslides• Abandoned coal

mines• Karst and

Pseudokarst regions• Florida sinkholes

Weather Bundle

Comprehensive hazardous weather analysis tools built on accurate historical weather information from 1985-present:• Tornados• Hail storms• Hurricanes• Wind storms

Datasets:• Historical events• Total events in 5x5-

mile grids• Severity frequency

regions

Updated annually.

USA coverage.

Risk Data Suite


Flood Risk Pro



USA coverage.

Fire Risk Pro





Earthquake Bundle



and utilities


zones• Earthquake



frequency

USA coverage.





mines• Karst and


Weather Bundle




regions

Updated annually.

USA coverage.

Risk Data Suite


Flood Risk Pro



USA coverage.

Fire Risk Pro





Earthquake Bundle Weather Bundle




regions

Updated annually.

USA coverage.





mines• Karst and




and utilities


zones• Earthquake



frequency

USA coverage.


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Global Data Catalogue Desktop Application

Entire data portfolio in a single application.Available for Windows and Mac.

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Highly detailed and accurate data to help you understand customer segments, manage risk and make decisions with confidence.


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A wealth of data to support business critical decisions.Global breadth and local depth.

Comprehensive data catalogue.

Regularly updated to provide the newest and most accurate data.

Fully attributed.

Underpinned by a thorough qualityassurance process.

Qualified and fully supported sources.

Licensing flexibility.

Coupled with other Pitney Bowes solutions to transform location and business data into enhanced insight.

Q&A

For more information, visit us online: pitneybowes.com/us/location-intelligence/location-business-data

800 327 8627 [email protected]

@pb_digital

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