Averting Catastrophe: How Real-Time Location Intelligence Can Mitigate Exposure and Better Manage Risk

What is location intelligence? From an actuary perspective, it's the accessment of risk based on the physical location of real estate. This paper examines how location intelligence links data to precise physical coordinates. Location intelligence links data to precise physical coordinates. It has been an essential analytical risk management tool for actuaries during the past decade. Now, next-generation catastrophe management initiatives are integrating location intelligence into real-time underwriting processes. The goals of these projects are to optimally manage exposure risk, reduce expenses and ensure financial stability. This Pitney Bowes Group 1 Software white paper examines the migration of location intelligence processes from analytical to operational uses, and the critical role it can play in catastrophe management. Topics: Risk Management Insurance Real Estate Data Quality

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