Postcode-level data can provide valuable insights into a particular location, but not every address within a postcode area has the same level of risk. Without address-level data, measuring risk and pricing accurately for major perils such as flood, theft, or fire, as well as individual property details, may be more difficult.
AddressIt is a dataset containing almost 30 million addressable properties in the UK, a critical tool to optimise use of address-level risk models and ensure your addresses are accurate.
AddressIt ensures you always have the latest available data, as properties often change and it can be difficult to locate addresses within multiple-occupancy buildings.
For major perils such as flood, theft, or fire, plus individual property details, address-level data can vastly improve ability to measure risk and price accurately.
AddressIt is available at the point of quote and integrates easily with a variety of insurance products and services to improve the accuracy of your pricing.
While AddressIt and Verisk’s address-matching service predominantly serve the insurance industry, the tools can work widely across logistics companies, surveyors, estate agents, and more—any business that needs accurate address data and geocoding.
AddressIt pinpoints addresses using UPRN, a unique numerical identifier created by Ordnance Survey for every spatial address, and UDPRN, Royal Mail’s unique referencing data of every delivery point in the Postcode Address File (PAF).
Gain rich contextual information and identifiers, including building name/number, street name, town, postcode, eastings and northings, latitude and longitude, UPRN, UDPRN, and private or commercial property classifications.
Locate addresses within multiple-occupancy buildings such as blocks of flats, mixed-use properties, and commercial buildings.
Verisk links multisource, address-level data with no need to match address strings, ensuring the most accurate and precise information. We standardise every raw address string submitted and give a confidence score on the strength of the match.
AddressIt can be used to access address-level risk models and quote enrichment tools such as those hosted on Verisk’s Data Insight Hub and Location Matters.
Use our one-stop hub of real-time data enrichments to increase the accuracy and competitiveness of your insurance pricing and improve the customer journey.
Develop a more comprehensive view of property risk with interactive mapping technology to visualise all the different risk accumulations at an individual address or postcode level.
Underwrite more accurately and efficiently with near-instant building characteristics of residential properties using high-resolution aerial images, street-level mapping, and high-quality proprietary data sources.
Receive more precise risk estimates of major insurance perils at the postcode unit or address level, including theft, fire, subsidence, escape of water, freeze, flood, storm, and accidental damage.
Use machine-learning algorithms to model the risk of escape of water claims due to non-freeze events in residential properties across the UK.