Recent catastrophes have highlighted lingering problems for property & casualty insurers: Do carriers understand what their risks are and can they locate their policies and assets. In other words: location intelligence.
Pitney Bowes Software has rolled out Spectrum Spatial, which is part of the Spectrum SOA platform, according to Lamont Norman, global geocoding and risk data product manager for Pitney Bowes Software.
"This allows customers to geocode and perform at-risk quality and location-quality operations in the back office quickly without a software engineer and then be able to pass that information and quickly analyze and understand what the risk is," says Norman. "We tie that to static risks or what we call slower-developing risks, such as earthquake or hurricane risks."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
