ESRI and First American Spatial Solutions, an industry leader in geospatial software, natural hazard analytics, and property and tax information, have released Risk Analysis Solution for ArcGIS, a complete location-based risk analysis solution for the insurance industry. The solution can be used by insurance companies to view and analyse data at the policy and portfolio level, allowing insurers to assess concentration of risk and increase and improve underwriting decisions. Insurers who rely on critical data about their customers in order to price policies and mitigate risk can now take advantage of the location information included with this data. Using current and meaningful location data means companies can better understand the exact location of policy addresses, analyse and detect patterns in natural hazard risks, and identify opportunities otherwise unseen in tabular spreadsheets and datasets. Risk Analysis Solution for ArcGIS combines ESRI's GIS technology with First American's modeling and data. ArcGIS Server, a product that adds full server-side GIS capabilities to the ESRI ArcGIS family of products, provides analytic tools, mapping, and data management capabilities with First American's advanced parcel-based geocoding, natural hazard, and property location data for the US.
Contact Antionette McMaster, GIMS, Tel 011 238-6300, amcmaster@gims.com