Company
Date Published
March 28, 2024
Author
Estefania Puente
Word count
2257
Language
English
Hacker News points
None

Summary

Insurance companies can leverage Location Intelligence to enhance their risk assessment, underwriting, and claims management through interactive maps created using CARTO. These maps showcase different use cases such as weather-related risks, historic hurricane tracks, flood-prone areas, wildfire danger zones, crime rates, and road accidents. By analyzing these data points, insurers can optimize underwriting profitability, support proactive risk management strategies, and effectively communicate insights to clients. The interactive maps are created using CARTO's features such as widgets, Workflows, and SQL parameters, which empower insurers to analyze and mitigate a wide range of risks. Additionally, the maps provide valuable insights into flood risk, wildfire danger, crime rates, and road accidents, enabling insurers to adjust underwriting guidelines, pricing models, and risk mitigation strategies accordingly.