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:
Earthquake Bundle--provides a historical record of earthquakes since 1492, enabling insurers to calculate rates based on proximity to fault lines. Data includes information on fault lines, fault zones, earthquake epicenters and aggregate exposure grids.
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