insuranceGIS for insurance and risk management

It is unsurprising that the insurance industry is a major user of geographic information. Location is a good predictor of risk. By bringing together the location of both assets and hazards in a geographic information system, insurers are better able to provide fair and competitive premium quotations, and at the same time evaluate the exposure to risk posed by their own insurance portfolios.

Cadcorp Spatial Information System® technology is proving a valuable tool for the insurance sector, which is using the software for accumulation and perils management and reporting, and for fraudulent claim detection.

The Cadcorp SIS® suite of software not only provides the powerful spatial analysis that is central to insurance modelling - it also provides the internet and intranet capabilities that are increasingly demanded by an industry moving to real-time reporting and information sharing.

 

Cadcorp Web Map Layers for Insurance
Web Map Layers for Insurance. Querying fire claims against a thematic map of fire risk by area. Try the demonstrator.

 

Using GIS to reduce the risk of insurance losses
GeoConnexion UK Magazine, Feb/Mar 2010

 

 

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