Improving Homeowners Profitability through the Application of Emerging Geospatial Risk Intelligence
Original Broadcast Date: Thursday, October 6, 2011
Time: 2:00pm ET | 11:00am PT
According to Marshall & Swift/Boeckh’s latest research findings, over 90% of the Homeowners Insurance Market is focused on profitable underwriting versus growth initiatives. Insurance companies are trying to stay ahead of the adverse selection cycle by establishing more sophisticated methods of competing on information and intelligence. Driven by the condition of the real estate market, carriers are focusing on understanding the risk exposure of their existing books of business and working on initiatives to properly underwrite and price that risk.
This webinar is the latest edition in the Marshall & Swift/Boeckh series about delivering competitive advantage to the industry through a new suite of information solutions. Detailed location intelligence, combined with cutting-edge technology, assists carriers in competing on information through more advanced risk assessment and exposure identification. Moreover, the right location information applied in a strategic manner generates actionable information for underwriting decision support and risk mitigation, while cultivating positive customer relationships. In this session, Marshall & Swift/ Boeckh and partner CoreLogic will review existing and emerging trends in geospatial exposure risk information and discuss best practices around its application and delivery into the underwriting workflow to yield measurable bottom line improvement.
Attend this web seminar and you will learn:
Howard Botts, PhD
Executive Vice President & Director of Database Development
CoreLogic Spatial Solutions
Howard Botts has over 30 years of experience developing spatial databases and in computer cartography and Geographic Information Systems. He received a PhD (1983) in Geography from the University of Wisconsin and an MA (1977) and BA Degree (1975) in Geography from Californian State University at Northridge. In addition to being a founder of Proxix Solutions (acquired by CoreLogic formerly First American Spatial Solutions in 2007), he is a professor of Geography at the University of Wisconsin -Whitewater with former students working for Insurance companies in Underwriting, Claims, Actuarial, Market Research, GIS and IT departments throughout North America. Dr. Botts has published extensively and has made 100’s of presentations to business and professional organizations on a variety of topics including hazard database development, new approaches to rating territory creation and assignment, automating risk assignment in underwriting, agent placement and market potential models, and geographically based market analysis. At Corelogic Spatial Solutions Howard heads the Madison, Wisconsin database development office overseeing a team of GIS professionals developing and maintaining hazard databases for the insurance industry.
Vice President of Residential Underwriting Solutions
Marshall & Swift/Boeckh
Steve leads the overall implementation and planning for the Residential Solutions and Analytics Business at Marshall & Swift/Boeckh. In this role, he is focused on aligning all of MSB’s data assets, technologies, vision and innovation with the needs of the organization’s insurance markets. Prior to this role, Steve managed MSB’s corporate strategic initiatives and its Book of Business Management Operations, aligning systems and technology necessary to support insurance-to-value programs for carriers. Additionally, he managed product development and systems implementation for MSB software, web-hosting and associated technology. Before joining MSB, Steve spent four years as a consultant with Deloitte in business process reengineering, custom development and systems integration. He holds a B.S. in Chemical Engineering from Penn State University with a minor in Business.
First-of-its-kind alliance links organizations across all industries with fraud prevention resources
As the construction landscape continues to grow, contractors entering new states continually express frustration when confronted with differences in regulation, statutory requirements and hazard risks between geographies.