Pitney Bowes Group 1 Software has announced the addition of the Centrus Points and Parcels data solutions to its suite of location intelligence solutions. These new data sets allow insurers to analyze customer and site locations across the U.S.
Points and Parcels data enables insurers to enhance the accuracy of underwriting and claims management analysis, helping carriers manage assets and service policyholders.
The Centrus Points data combines parcel centroid-level geocoding with the assessor parcel number (APN) and elevation attributes. The APN number can be used to link with detailed property and housing data including ownership, number of bedrooms/bathrooms, square footage, roof-type, and more. The information can be used to help automate the underwriting process and reduce cycle time. The elevation attribute is an effective way to identify properties that are at risk from flood damage.
"With this greater precision in property location intelligence, insurers can reduce their risk exposure and better service claims," says Bill Sinn, strategic industry manager, insurance, Pitney Bowes Group 1 Software. "Our location intelligence solutions have long set the standard for accuracy, flexibility, and speed, and the addition of Centrus Points and Parcels emphasizes our continuing commitment to meet the most demanding requirements of mission-critical insurance applications."
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