Improve Decisions in Areas with High Crime Rates
For property insurers, accurately quantifying the property risk of crime at the address level has been hindered by two prevailing impediments—incomplete and inaccurate crime counts at the city level and the lack of comprehensive government crime data.
CrimeRisk™ by Location, Inc. is available for portfolio consumption and on RiskMeter Online® from CoreLogic to help insurers segment territory descriptions with unprecedented precision, and includes:
- The highest resolution crime analytics available, to Dissemination Block level.
- 100% seamless national coverage.
- Data validated on more than 500 Canadian and 8000 U.S. cities.
- Normalized data with predictive accuracy.
- 11 major crime categories (total crime, total property crime, total violent crime, murder, rape, robbery, aggravated assault, burglary, larceny-theft, motor vehicle theft, and arson).
- Five-year crime forecasts.
- No redlining
CrimeRisk is a trademark of Location, Inc.
Tel: (855) 267-7027
Accurate Area Crime Statistics and Crime Risk Data
While some insurers rely solely on government crime statistics, these counts are often incomplete and inaccurate due to the agency-centric method used by the Federal government. CoreLogic has instead adopted a geographic-centric method that provides more accurate representation of the complete number and types of crimes that happen near the insured property.
Our methodology links the most sophisticated and current crime related data—collected from a variety of local U.S. law enforcement agencies—to the geographic jurisdiction where the agency has law enforcement responsibility. The number of property-related crimes is then statistically estimated using 80 proprietary computer models.
Our Crime Risk layer provides Insurers with a more accurate risk assessment of potential crime-related property damage and stolen property claims by identifying:
- The complete number and types of crimes that occur within any city or town
- The area statistics for murder, aggravated assault, larceny, robbery, property crime, motor vehicle theft, rape, burglary and total overall crimes
- The property’s precise proximity to crime-related risk and type of crimes that could occur
Structural Risk and Valuations
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