Underwriting is accelerating, and underwriters need specific insights to make optimal decisions about property risks. At BuildingMetrix, our mission is to help property insurers and insurance agents assess emerging risks and enhance their results with the right data analysis.
In pursuit of our goal, we have partnered with GIA Map, an underwriting solutions company that utilizes geospatial intelligence to improve risk selection, identify growth opportunities, and reduce exposure to catastrophic loss. GIA Map has identified the disadvantages inherent in current risk assessment methods, enabling them to construct a more effective system for evaluating risk.
Central to GIA Map’s innovative approach to underwriting is its unparalleled use of geospatial intelligence. By aggregating risk data, book of business data, and analytics into GIA Map’s proprietary "mapplication", insurers can visualize their risk geographically, pinpointing any value saturation and opening avenues for productive management and growth.
By harnessing the strides GIA Map has already made, we can provide BuildingMetrix customers with tools that allow them to effectively visualize their risk. As hazards evolve and underwriting time declines, our partnership aims to deliver data and tools to help underwriters get the job done.
Through our partnership with GIA Map, you get access to data on wildfire, flood, earthquake, and severe weather risk at the address level, enabling underwriters to make more accurate decisions in less time.
GIA Map analytics also give you the power to proactively manage risk, by taking a look at your entire book of business, by automatically checking new applications, or both.
As hazards evolve and underwriting time declines, our partnership aims to deliver data and tools to help underwriters get the job done.