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."
ISO also incorporated GIS assets from Environmental Sciences Research Institute, Tele Atlas, DigitalGlobe, U.S. Census Bureau, U.S. Geological Survey, National Oceanic and Atmospheric Administration, and U.S. Environmental Protection Agency, as well as real-time weather data and InfoUSA's database of more than 14 million businesses in the United States.
"Simply put, we'll build you an integrated GIS so you can spend your time exploring and analyzing your business," adds Kenne.
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