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RiskSuite™ for Insurance

RiskSuite™ for Insurance by Location, Inc.

The industry’s first full cross-portfolio suite of risk assessment analytics.

RiskSuite for Insurance by Location, Inc. uses the probability of risk damage occurrence in addition to the severity, to accurately predict crime, fire, hail, and non-weather-related water insurance losses by location.

Utilizing Location, Inc.’s advanced data models, including both proprietary and patented techniques, RiskSuite provides accurate and reliable risk scoring, thus empowering insurers to:

  • Price policies commensurate with real risk. Reduce prices where the risk is lower to capture more policies and reduce the risk of the overall book. Increase prices where risk is greater to write higher risk policies or avoid high-risk, high-loss policies to improve profitability across your book.
  • Improve underwriting performance. Instantly assess the risk of crime, fire, hail, and non-weather-related water insurance losses across your book and when underwriting new policies.
  • Target locations for marketing with laser precision. Determine the neighborhoods with the lowest total risk for better policy uptake.
CrimeRisk™ by Location, Inc.

Crime rates can impact risk exposure, real estate investment values, insurance rates for commercial and residential properties, and more. CrimeRisk by Location, Inc., part of RiskSuite for Insurance, helps mitigate risk by providing the highest resolution crime analytics for any U.S. or Canadian address.

FireRisk™ by Location, Inc.

FireRisk by Location, Inc., part of RiskSuite for Insurance, is a proprietary solution that takes behavior into account when predicting insurance loss. This new method of assessing risk better predicts where fires are most likely to occur and become severe.

HailRisk™ by Location, Inc.

HailRisk by Location, Inc. takes the innovative approach of predicting the property locations that are most susceptible to hail damage loss claims within any hail climatology hazard zone, and for any U.S. address. This reveals fine-grained insurance risks previously unidentified, delivering up to 20x risk segmentation.

WaterRisk™ by Location, Inc.

The second most common cause of homeowner insurance claims is non-weather-related water damage. However, most homeowners insurance risk data focus on weather-related water damage from storm events and not on what actually causes most water damage claims. WaterRisk by Location, Inc., part of RiskSuite for Insurance, fills this void, predicting previously unaccounted-for risk of insurance losses due to non-weather-related water damage.

Put RiskSuite to work.

Contact us to learn how RiskSuite can help personal and commercial lines insurers uncover previously unaccounted-for risk of insurance losses.

RiskSuite for Insurance by Location, Inc. contains no red-lining, no data about race, ethnicity, ancestry, language, religion, any protected class, income, educational attainment, or occupations of any kind.

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