Plum Underwriting select Business Insight’s risk mapping software to enhance its risk selection

plum logoInsurance technology provider Business Insight announces that Plum Underwriting, the specialist and non-standard household insurance managing general agent, which is part of Global Risk Partners Limited (GRP), has chosen their newly launched risk mapping tool Location Matters© and geographic classification model ‘RESONATE© to enhance its risk selection and customer analytics capabilities.

Read press release here: Press release 12 April 2016 Plum Underwriting

How Insurers can gain a richer, deeper understanding of Risk Exposure

BIBA image v1Business Insight will be exhibiting at BIBA 2016 and will be demonstrating our geographic risk mapping tool, Location Matters, designed to assist insurers with underwriting, exposure management and risk selection.

We’ll be exhibiting alongside the Geoinformation Group to bring our best of breed quote enrichment and underwriting solutions to UK property Insurers.   Combining high quality property and perils data which provides insurers with a deeper understanding of risk exposure, improves risk selection and helps to drive business growth.

The rich address level data resources (which includes Ordnance Survey’s AddressBase), deep analytical experience and insurance industry knowledge have been combined to offer highly innovative, new computer perils risk models by location and detailed property vulnerability databases to the insurance industry.

The solutions offer a more accurate understanding of the impact of the risk of flood, subsidence, storm, freeze, theft or escape of water.

Delivered via a number of state-of-the-art mapping solutions, including the Location Matters© data platform, they support underwriting decisions, improve risk management and drive more profitable risk selection.

Benefits include:

  • Detailed and accurate assessments of risk
  • Improved underwriting decisions
  • Competitive intelligence
  • Deeper understanding of risk exposure.

BIBA 2016 attendees can visit Stand B79 to find out more.   Or contact us on 01926 421408.