The MGAs challenges of risk selection are numerous, and address and perils information is key for MGAs when trying to assess new quotes and differentiate their service offering.
During this session, Simon de la Hoyde will explore Geocoding Accuracy, Property Characteristics, Perils Scoring and Exposure Management. Simon will explain how all of these aspects affect MGAs risk selection and assessment.
By the end of the session delegates will:
1. Recognise and understand how accurate location will enable more intelligent risk measurements.
2. Understand how important it is to have observed data points on the characteristics of a property, rather than modelled data points.
3. Be able to generate underwriting differentiation by fully understanding what the data is telling underwriters.
4. Recognise how geo-spatial can enable smart targeting and with it, increased profitability.
About the speaker
Simon de la Hoyde, Sales Director, Addresscloud
Simon recently joined Addresscloud with 27 years experience in the geospatial and insurance sectors. Most notably heading up the sales and client delivery division at MapFlow and guiding the successful sale of the business to LexisNexis in 2013. During this time, Simon helped build the business into the leading geo-spatial provider to the insurance markets in the UK and Ireland. With the past 12 years spent working within the insurance market, Simon brings an experienced understanding of how spatial data and analytics delivers value to insurance companies, agents and brokers.