ISO announces the launch of a new spatial risk-management system to help insurers explore and analyze their portfolios. Using LOCATION Analyst, insurers can interact with ISO data and policy/claims data with geographic information systems (GIS) tools and identify insureds near high-risk areas or natural hazards.

The system also allows insurers to target new areas of opportunity, analyze property based on custom defined risk levels, and investigate risk concentration of policies based on unique risk profiles.

"LOCATION Analyst is a GIS platform enabling companies to combine three powerful assets–GIS technology, data from their books of business, and ISO data–into a sophisticated package to view their business in a whole new way," says Bryon Kenne, LOCATION Analyst product manager. "We use information from the entire suite of LOCATION services, including our Public Protection Classification program (PPC); Building Code Effectiveness Grading Schedule (BCEGS); and crime, wind, and catastrophe hazard data."

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.