Discover the benefits of PinPoint, a versatile property risk assessment tool which combines geospatial and peril datasets to assess new risk, existing policiesand claims data.
Sciemus works in partnership with Ordnance Survey to geocode a property to a precise location and incorporates data from established providers to identify the perils associated with that location.
The Risk Wheel alerts users to specific property risk by displaying risk scores for each peril. The Risk Wheel also alerts users to risk aggregation and claims accumulation.
Sciemus can precisely geocode your existing policies and claims data to assess an existing book of risk against selected perils, identify aggregation risk, claims hot spots and assist with business development.
Sciemus has developed PinPoint, an innovative tool for assessing property risk against multiple perils through a single user interface. Sciemus PinPoint integrates multiple datasets into a single analysis and mapping application. X/Y geocoding identifies the precise location of a property enabling accurate perils assessment.
PinPoint results can be visualised using PinPoint mapping tools or output as a report. This combination of mapping, scoring and reporting enables the assessment, reporting and review of individual properties, mid-sized portfolios claims data and entire policy books.
PinPoint was developed in collaboration with the Ecclesiastical Insurance Group, one of the largest British owned insurance companies with gross written premiums of c. £430m.
Ecclesiastical’s requirements were to improve the management of risk at both a portfolio and individual property level, this included to more accurately assess and quantify individual risks by analysing location factors.
Ecclesiastical’s drivers were to improve profitability, the growing sophistication of competitors, the pursuit of competitive advantage and improved analysis to support optimised reinsurance arrangements .
The PinPoint Risk Wheel enables users to analyse multiple data sources simultaneously and identify areas of high, medium and low risk for any property or portfolio of properties.
The Risk Wheel alerts users to properties that are in breach of pre-determined parameters and directs a user to potential hazards that require further investigation.