InsitePro - Custom Risk Scores

InsitePro™ delivers analytics tailored to your underwriting

Each property insurer has a different perspective on how to evaluate natural catastrophe risk when underwriting. Knowing this, why use analytics and data that are the same for everyone?

With InsitePro’s configurable risk scoring, underwriters can now have risk assessments for any natural peril based on their company’s overall strategy, using logic and data they trust.

Why InsitePro?

Natural catastrophe is demanding more attention from property insurers because it is a significant source of claims while presenting an opportunity to expand written premium. Flood leads the way in the United States and around the globe, while other natural perils (including earthquake and wildfire) are never far from the headlines. At the same time, these perils remain underinsured.

InsitePro provides the necessary risk assessment analytics to expand or solidify property underwriting, including those for underinsured perils. The first step for any insurer to begin underwriting a new natural catastrophe risk, or a familiar risk in a new territory, is to be able to assess the risk based on the specific location. InsitePro does this with configurable risk scoring.

Risk scores can be used in a variety of ways to support the underwriting process, including:

  • Selection/anti-selection
  • Rating or pricing
  • Portfolio filtering

InsitePro’s risk scores use the best available information, including datasets specific to that customer, to deliver easy-to-use use answers that efficiently build profitable and resilient portfolios. With InsitePro, risk assessment becomes more profitable as underwriters spend less time searching for data, and more time expanding their portfolios.

Key Features and Benefits:

InsitePro is a cloud-based software solution that brings together all the necessary data and analytics for underwriting natural catastrophe risk, anywhere in the world. Here is how:

  • Risk scoring enables users to combine information from flood zones with data from a wide variety of sources, revealing a more complete view of risk and reducing uncertainty.

  • Single-point and portfolio analytics enable users to assess properties as they come in for quoting, or to evaluate a portfolio of properties quickly and easily. 

  • Scalable risk assessment, meaning any number of risks can be assessed for any natural peril, anywhere around the globe. Click here for additional perils that can be added from our partner network.

  • Web-based application ensures users can access the software through their browser anywhere they can get online.

  • Web Service availability enables seamless integration with any underwriting or business management platform.

Risk scoring page
Watch Risk Scoring Video
Understanding the limitations of risk models eBook
InsitePro Peril Add-ons
resources
 
"I can really see how I can understand flood risk better with InsitePro."
 
Insurance Broker
 
"Before InsitePro I was always digging around for data on the internet."
 
Risk Manager
 
"This helps me get the information I need so I can write polices quicker and easier."
 
Insurance Underwriter
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