Insurdata provides high-resolution, peril-specific geocoding data that enables precise risk assessment and underwriting in the re/insurance industry. By utilizing a unique multi-sourced methodology, the company addresses the inadequacy of traditional exposure data, allowing for accurate identification of individual risks and real-time portfolio management.
Funding
Funding not disclosed
Founders
Product
Problem
The re/insurance industry relies on inadequate exposure data, making it difficult to accurately identify individual risks. Underwriting decisions are often based on aggregated data, and vital attribute data, such as first-floor elevation, is frequently missing or unreliable. This lack of precision hinders effective underwriting and portfolio management.
Solution
Insurdata provides high-resolution, peril-specific geocoding data designed to enable precise risk assessment and underwriting. Their solution leverages a unique multi-sourced methodology to address the limitations of traditional exposure data. By delivering relevant geocoding data at any point in the re/insurance chain, Insurdata facilitates optimized pricing, underwriting, and risk management. The platform generates real-time data from point-of-underwriting to risk transfer, allowing for accurate identification of individual risks and real-time portfolio management.
Target Audience
The primary users are re/insurance companies seeking to improve the accuracy of their risk assessment, underwriting, and portfolio management processes.
Features
- High-resolution geocoding for precise risk assessment.
- Multi-sourced methodology for enhanced data accuracy.
- Peril-specific data to understand the impact of different events.
- Real-time data generation from underwriting to risk transfer.