First American Proxix Solutions, a provider of geospatial technology, data, and software, announced the addition of risk concentration as an option in its CATUM automated insurance suite.

One of the challenges facing property/casualty companies is the ability to identify accurately a concentration of policy risk within a geographic area. Traditionally, property/casualty companies have attempted to measure risk concentration by counting the number of policies in a defined geographic region, such as counties, cities, or ZIP codes. However, this method does not identify whether policies are clustered or dispersed within a given geographic region.

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