Insurance solutions: Speed-up the turnaround time of risk assessments for improved profitability
Major insurers are using our location-based solutions to improve business performance. Dynamic maps and dashboards provide new insight into risk and assets, while enhancing the claims process. Unlock a new source of competitive advantage.
Faster risk assessment
Visualise loss patterns, identify hotspots and develop a mitigation strategy for properties likely to be affected by an event by integrating Esri Location Analytics with your existing BI tool.
Read how Aon integrated Esri Location Analytics into the company's RiskConsole solution, a global risk management information system used by many of the world's leading corporations.
Watch this video showing Esri maps for IBM Cognos® being used to assess exposure through properties in the path of a hurricane and understanding how to mitigate risk
Location Analytics: Putting the evolution of BI on the map
An Aberdeen Group whitepaper: Read this free Aberdeen Group whitepaper exploring how Location Analytics is driving the evolution of BI to the next level, from 2D to 3D. Read how Location Analytics "represents the latest stage in the evolution of data visualisation" Read more...
Know your data by understanding where and why everything is happening. Location Analytics provides an essential extra dimension to your analytics. Watch this video to understand how far reaching this can be...
Faster risk assessment
Location analytics improves the turnaround time of risk assessment from several days to virtual real-time, enabling underwriters to focus on more complex assessments, supporting business growth.
Following the installation of Esri technology to automate RSA’s risk assessment process Graham Heale – the Property Portfolio Director for RSA said,
“Before we would expect a risk assessment to be performed in, say seven days, the response from the new system is pretty much instant as in most cases no manual assessment is needed.”
Graham Heale, Property Portfolio Director for RSA
Read the RSA case study...
Smarter collaborative working
Data can be collected, collated and distributed to and from a variety of sources, including in-house operational systems, external data providers, cloud based services as well as desktops, mobile phones and other wireless devices.
The result is a spatial data management platform which can be used to create a consistent source of truth. This common operational picture underpins activities from underwriting to claims management, marketing and pricing, creating a sustainable source of competitive advantage.
Learn more by reading the white paper...
Gain competitive advantage
Having collated spatial data in a central location it can be used to enable staff to assess location specific risks and to make better decisions in a number of operational processes, including underwriting, claims and fraud management.
“The ability to spatially analyse data on the UK’s 28 million addresses means we understand our customers a lot better. Being able to share this insight with as many staff as possible is what helps drive competitive advantage.” Eleanor Mclachlan, GIS Manager for Aviva UK
Read the Aviva case study...
Improved risk assumption
Improve your understanding of clients’ risk profiles by building location specific scores covering not only their core business sites but also partner and supplier sites at strategic locations through the supply chain.
“With accurate risk profiles we can help broker their risk to insurers, and drive better value for them,” Nick Charteris, Engineering Team Manager, Construction, Property & Casualty, Willis
Read the Willis case study...
Mapping the way to better business decisions
Read this expert insight article from the Sunday Telegraph Business Reporter Risk Supplement, published in September 2013:
Read our whitepaper to discover how Location Analytics - the integration of Business Intelligence and GIS - is creating a platform for success in the Insurance Industry.