Big data and technology are disrupting risk-assessment norms, and insurers are rethinking how they fundamentally conceptualize risk itself. Traditionally, the focus was on the size or severity of claims—not the probability that there would be a claim in the first place. This incomplete concept of risk affects market share with insurers leaving potential profits on the table.
True disruption will come not from the most high-tech but from those who use data and technology to get smarter about insurance risk assessment. Our location intelligence solutions for insurance empower insurers, real estate investors, mortgage bankers and lenders, retailers, and corporations to uncover opportunity, reduce risk, and make informed business decisions.