SpatialKey and Insurance Data Mapping and Analysis

by admin on September 27, 2010

The insurance industry has long relied on location intelligence to assess and manage regional exposure to risk. But until recently, the geospatial analysis technologies available to help to extract this intelligence have been less than ideal. They’ve had high price tags, and their deployment, management, and use have required the help of dedicated data specialists. They’ve also taken a long time to process data.

 

SpatialKey changes all of that. Designed for hands-on use by the decision makers in your organization, the SaaS application breaks through barriers by giving insurers quick, easy-to-use data mapping and analysis capabilities—no programming or specialists required. Since there is no software to install or maintain, SpatialKey deploys instantly and can be used for a fraction of the cost of traditional GIS and location intelligence systems. And it complements the systems you already have in place.

With SpatialKey, you can bring in data from many sources and instantly visualize it on a map. Then you can analyze and report on your data on the fly to better understand patterns and correlations between policies, perils, demographics, and other factors. Ultimately, you’ll make decisions about capital management, underwriting, pricing, sales, and marketing that immediately benefit the bottom line.


 

Available either out-of-the-box or customized to meet your company’s specific needs, SpatialKey helps you realize the full potential of your insurance data without substantial system investment.

Use Cases:

* Manage risk exposure: In order to remain profitable and comply with government regulations, you’re constantly managing and monitoring risk exposure. SpatialKey provides highly interactive analysis of geographic data, allowing you to properly assess reinsurance protection needs.

* Catastrophic and large-scale event management: SpatialKey enables you to better assess and respond to large claim events such as floods and hurricanes. For example, import hurricane path data to assess probabilistic loss estimates. See how the event will affect local portfolio-holding exposure, and manage response resources accordingly.

* Maximize sales and marketing opportunities: By providing deeper insight into local demographic and policy characteristics, SpatialKey helps you develop more targeted marketing campaigns that deliver higher returns than traditional, blanket campaigns.

For more information or to start a new trial, please contact us

Topics: data import, Mapping, examples, Insurance, Visualization, solutions

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