Natural catastrophe models all contain an element of uncertainty, and for a property insurance underwriter, uncertainty is expensive. Risk scoring offers a way to decrease this uncertainty at a specific location. Through its four major benefits, risk scoring provides a more complete view of location-based risk than a simple flood or earthquake zone assessment is capable of providing.
Risk Scoring can perform a range of tasks, such as:
InsitePro allows users to combine flood and other perils, as well as Intermap’s proprietary terrain and partner-supplied data, with their own information — such as claims history and accumulation — to deliver location-specific scores that are based on the best information available, and calibrated to a unique view of risk. Learn more about how risk scoring works.