Regardless of the market, risk management, regulatory compliance, and revenue generation form the core of the insurance industry. Our insurance solution, CATUM, combines parcel-level geocoding and spatial analytics technologies with comprehensive hazard risk, regulatory compliance and geographic databases, providing actionable information to improve your core results.
Benefits
Risk Management
- Build enhanced granular pricing models
- Respond effectively to large-scale claim events
- Identify and manage risk exposures more efficiently
- Identify risk concentration to avoid catastrophic loss and find new business opportunities
Regulatory Compliance
- Monitor and demonstrate solvency better
- Identify and optimize windpool credits
- Ensure proper premium tax allocation
- Audit auto claims sales tax compliance
- Build more accurate rating territories for filing with DOIs
Revenue
- Improve marketing efficiency through targeted campaigns
- Handle a higher business volume more effectively
- Reduce rate evasion
- Improve pricing accuracy
- Automate processes for better efficiency and increased data accuracy
- Maximize profitability
