Produced by an industry practitioner the AGI is pleased to provide a concise introduction into how geographical information plays an important role in the insurance industry.
This article shows how the the insurance industry uses geographical information to better determine risk. Geographical Information Systems (GIS) are used:
- For claims management to work-out which claims are legitimate and which are not, following for example a flood event.
- To provide more accurate insurance quotes for potential customers.
- To better determine an insurer’s portfolio risk.
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