In the US, OneShield Software, a provider of cloud-hosted, full-suite policy administration system has integrated with UrbanStat Inc’s analytical solution to geo-analytics space. The integration allows clients to leverage automated statistical and geographic modelling technology to create deep insights and predictive analytics around policy data. The data used comprises of geography, weather , emergency response and other risk factors.
The solution has strong reporting and portfolio analysis capabilities allowing real-time processing for finance, operations and marketing functions. The clients can also perform deeper analysis to understand impact of underwriting and claims real-time across different business lines and geographies.
Jennifer Clark, OneShield’s Director of Alliances, “UrbanStat’s pre-built risk management and analysis processes allow underwriters to make better decisions on risks in real-time. Whether it is risk concentration at the level of a book of business, or highlighting of specific risks applicable to a particular location being considered – virtually every geo-analytics use-case can be accomplished rapidly.”