Kipi Insurance Datahub - Location Concentration

Kipi Insurance DataHub - Location Concentration

Geographic concentration presents a formidable challenge for insurance companies, particularly in grasping their concentration risk in real-time.

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Gathering accurate and current data on policy distribution and associated risks is complex and time-consuming. Managing concentration risk is often done at the portfolio level post-bind. Understanding the amount of exposure an insurer is already committed to within a quarter mile, mile, or 5 mile distance from a new business opportunity is rarely incorporated into the submission or renewal process.

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This solution allows underwriters in real time to understand their current exposure surrounding a new or existing piece of business. Underwriting guidelines can be created and easily adhered to through this tool to prevent over concentration of risk.

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This application utilizes Snowflake's geospatial functions to return the exposure value surrounding a certain point for 6 different distances. Simply enter in the latitude, longitude, and insured value of the new location. Select the table that contains your inforce portfolio. Review the insured value within a quarter mile, half mile, mile, 2.5 mile, 5 mile, or 10 mile distance.

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Interested in automating the process, integrating into your current quoting process, or incorporating complex policy terms? We have solutions for primary lines, excess and surplus, property, workers compensation, terrorism, and more! Reach out to Kipi.ai to learn how we can help implement this for you.

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Key Features:

<br/>Comprehensive Risk Assessment:<br/>Leverage geospatial queries to understand concentration levels at various distances to gain a full understanding of risk.

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Data-Driven Decision Making<br/>Make informed decisions based on real time data.

<br/>Customized Insights:<br/>Create pricing and underwriting recommendations based on results that are tailored to your specific portfolio and your set guidelines.

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Business Needs<br/>Risk Analysis<br/>Insurance Industry: Assess risk for underwriting and pricing policies and optimize portfolio management.<br/><br/>

```javascript
You can refer to the sample data for reference of comprehensive stored in Application Database, which contains latitude,longitude,latlongpoint and insured value for US Data.But this app can be used globally.
You can create a table on the top of this view ans use it as a sample data.
SELECT * FROM <APPLICATION_NAME>.APP_INSTANCE_SCHEMA.PROPERTY_DATA;

```

搜集汇总

背景与挑战

背景概述

该数据集提供基于地理空间计算的保险风险集中度评估工具，支持实时查询多半径范围内的保单暴露值，帮助核保人员优化风险管理决策。系统可集成现有业务流程，适用于财产险、超额保险等多种保险类型。