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THE GEOSPATIAL MARKETPLACE

Geosite features four modules to fuse geospatial data into insurance operations. With Geosite, insurers can better CONNECT to customers, OBSERVE real-time risk, LAUNCH new products, and RESOLVE claims.

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CONNECT

In an ideal world, insurers would be the source of truth during hard times. And, as climate change increases the severity and frequency of disasters, customers and insurance providers should have continuous, reliable, and relevant communication. 

 

With Geosite, insurance carriers can provide real-time updates as the situation unfolds, and can start the process for booking repairs the minute disaster hits. With cutting-edge geospatial data, customers can verify their property and process their claims digitally. Faster processing times and better communication results in improved customer experience, increasing NPS scores and maintaining strong customer relationships.

See the world more clearly. Operate more efficiently.

With Geosite the entire organization has a common operating picture to access and utilize the best data to drive accuracy and efficiency.

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OBSERVE

Geosite allows carriers to dynamically pull from the best geospatial data analytics models to better understand risk.

At scale, leveraging geospatial data allows carriers to understand continuous risk across their portfolio as the data becomes available.

Geosite fuses together data from many sources based on risk factors and geography, allowing more granular, data-driven, and dynamic pricing. 

 

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LAUNCH

Climate change is disrupting traditional risk models and the ability of insurers to adequately underwrite risk faster than we expected. And, as the insurance gap continues to grow, more and more people are left at risk of uninsured losses. 

Insurers need to create new products to address the effects and forecast of climate change, the insurance gap, and develop more accurate models. This includes novel parametric approaches, which can have massive environmental, social, and governance (ESG) implications. 

 

Geosite provides insurers with historical information and geospatial data from a wide array of sources to innovate to meet the rapidly changing needs of society. With more data, insurers can create new products to meet growing needs. 

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RESOLVE

Leveraging spatial data allows for more rapid, automated, and accurate claims resolution. 

With Geosite, insurers can assess the extent of liability before, during, and after a disaster with precision and clarity. 

Rapid claims response improves customer satisfaction and reduces the cost of overall repairs. Save customers time so they can focus on what matters most. 

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OBSERVE

Geosite allows carriers to dynamically pull from the best geospatial data analytics models to better understand risk.

At scale, leveraging geospatial data allows carriers to understand continuous risk across their portfolio as the data becomes available.

Geosite fuses together data from many sources based on risk factors and geography, allowing more granular, data-driven, and dynamic pricing. 

 

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