Exposure Data Scoring and Enhancement

Real Results

Data is the life-blood of the insurance industry, but all too often, 'dirty' data is used to make critical re/insurance decisions. The CAT models are only as good as the data that goes into them, and garbage-in means garbage-out. Selected benefits of eCityRisk’s data cleansing and augmentation services include:

More accurate modelling results and reduced costs
With better quality data, model results are reflecting reality better. Using quality data is proving favourable in terms of risk for underwriters- enough to offer some premium credit and additional capacity.

Better A.M Best rating and investor confidence
Improved confidence of rating agencies, shareholders, investors and reinsurers by demonstrating active data quality management.

Reduced premium for re/insurance
Better quality data is an incentive to get better re/insurance pricing. Credits are being offered for better data quality by reinsurers, and insurers are penalising insureds if the value of exposure goes up as data quality is enhanced.

Post-disaster risk reduction
Calculating post-event losses with quality exposure data helps to prevent costly mistakes resulting from liquidating assets to cover inaccurate estimates of expected claims.