Eliminating Underwriting Territories: Is it Possible?

Presented by

Insider Engage

About this talk

Property insurers underwrite homes and businesses based on geography, using zip codes, census blocks, or in some places, an entire county, to create a base rate. But within those territories, buildings may have a vastly different risk profile based on how close they are to wildfire zones, fire stations, or water sources. Is it time for insurers to begin harnessing geospatial underwriting – the ability to rate an individual property based on its specific location? Join Insider Engage, in partnership with Guidewire, for a free webinar, 8 am PT, 11 am ET, 4 pm BT on April 13, as we explore the opportunities and challenges of using geospatial data to develop more accurate rates and maximize profitability. Discussion questions include: --Overview of how properties are underwritten today --Where underwriting territories fall short --What geospatial tools are available to improve underwriting today --What geospatial tools still need to be created --What regulatory challenges do insurers face when moving to geospatial underwriting --What is the future for geospatial rating Speakers: Tammy Nichols Schwartz, CPCU - Senior Director of Analytics & Data Solutions, Guidewire Nickolas Alvarado, FCAS, Actuary - Property and Casualty Practice, Milliman Darren Govender, Vice President – North America Market Lead, Analytics, Swiss Re Moderator: Meg Green, Managing Editor, Insider Engage
Related topics:

More from this channel

Upcoming talks (5)
On-demand talks (81)
Subscribers (26878)
Welcome to Insider On Air, our multimedia hub showcasing Insurance Insider webinars with the biggest names in the (re)insurance industry.Team. Ask questions and take part in polling.