It is becoming more important than ever for insurers to understand what they are insuring and where it is located. 2022 saw windstorms in Europe, floods affecting Australia and Hurricane Ian hitting the US. Hurricane Ian alone is estimated to have cost insurers up to $74 billion, with the European storm and Australian flooding events both costing the industry over $4 billion.
As well as climate change increasing the frequency and severity of catastrophic weather events, demographic shifts are having an impact. More people are now living in hurricane paths and flood prone areas, increasing the risk of losses.
This report reviews the latest trends and technologies in acquiring information for geocoding, building characteristics and rebuild values, as well as profiling the companies who provide solutions in this space.
Topics covered:
• Why this matters.
• Property intelligence: the importance of understanding “where” and “what”.
• Aerial and ground imagery - what’s changed?
• New data sources for property attributes.
• The rise of ecosystems and data consolidators.
• Company profiles.