location-basedunderwriting workflow

Underwriter'sLocation Profiler integrates into existing underwritingworkflows for both new business underwriting and policy renewalprocesses while handling exception processing, single addresslookups, and batch processing of files. In addition, the solutionwill include location-based book-of-business analytics, andcompetitive rating territory information and pricing. Theapplication improves new property quote submissions by providingreal-time risk assessment of locations without additional burden orcost to IT.

The underwriting solution allows insurers to plug and playlocation-based intelligence and analytics into current businessapplications such as policy administration, underwritingworkstations, and agent portals.

"Sustained superior underwriting performance requires precision,insight and responsiveness. Insurers are putting a high priority onimproving their capture of data and risk information. They areenhancing underwriting by ensuring that risk assessments are morejudgment than luck," says John O'Hara, president of Pitney BowesBusiness Insight. "Our customers share our vision of developing thenext generation of tools to improve the underwriting process basedon location and data."