Groupama Insurances cracks freeze claims with innovative freeze risk model from Business Insight

Frozen squareEurope-based Groupama Insurances has invested in Freeze Insight, a new computer model that predicts the relative risk of freeze related claims across the UK.

Freeze claims in the UK during the winter of 2010/2011 are estimated to have cost the insurance industry £1.4bn.

The model has been developed by technology firm, Business Insight, and is based on 100 million historic temperature records, 26 million properties and 1.7 million postcode locations.

Read Article here: Groupama Insurances select Business Insight’s Freeze model