Having a greater understanding of all the relevant perils risks at the postcode or address level allows UK property insurers to mitigate their exposure, tailor pricing, and improve profitability.
The Perils Insight product suite is a set of data models that predict the relative risk and variation of claims for theft, subsidence, flooding, storm, fire, escape of water, freeze, and accidental damage across the UK for both household and commercial property insurance.
Using vast amounts of high-resolution data for property, natural hazards, and demographic specifications, you can easily grade postcodes and addresses into relative risk bands to help tune the accuracy of your rating areas or drive underwriting results.
Gain insight into areas where you have no experience data and easily grade postcodes and addresses into relative risk bands to help tune the accuracy of your rating areas or to drive underwriting results.
Understand and improve the management of your aggregate exposures to help reduce your reinsurance costs.
The Perils Insight data models are regularly recalibrated with the latest available perils data and factor in changing risk patterns.