CrimeRisk™

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.

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.