New Risk Data Suite for Risk Assessment Improves Underwriting

Pitney Bowes MapInfo, a provider of location intelligence, introduced the Risk Data Suite for underwriting, rating, and portfolio risk management. Based on historical information (updated annually) on weather and natural disaster-related occurrences, the product offers data that enables property/casualty underwriters, actuaries, and risk managers to make better decisions in areas such as: underwriting policy analyses and rating; custom rating territory creation and maintenance; credit and risk scoring; portfolio risk aggregation and realistic disaster scenario analysis; and claims planning and preparedness.

The database consists of four individual bundles with high-definition data and aggregate exposure grids. The four bundles include: