ORLANDO, Fla.--(BUSINESS WIRE)--Feb. 12, 2013--
Risk managers and reinsurance experts meeting in Orlando Florida this
week at the RAA’s Cat Modeling conference have seen recent weather
developments that continue to affect their modeling analysis techniques
and best practices during 2013. Hurricane Sandy, severe windstorms,
Nor’easters, and unusually warm spells during mid-Winter are leading
experts to new discussions on catastrophe modeling and risk management.
Real-time analysis of these conditions – and the ability to act quickly
on this insight -- is the new norm in the insurance sector.
Excellent wildfire, blizzard, drought and flood catastrophe modeling and
risk management is key to an insurer’s solvency and profitability. In a
world of extreme weather, the ability to accurately map risk in
real-time has become a critical business imperative for insurers. It
demands risk management software with superior data quality, geocoding
and geo-spatial functions. Finally, clear mapping visualization is a
must-have for any insurance business leader planning strategy against a
quick-changing atmospheric backdrop.
Clients using Pitney Bowes Software risk management tools are able to
map their potential loss exposure during a catastrophe in near
real-time. During normal conditions, they can continually update their
policies and assess their overall risk across their business by mapping
consumers against shifting flood and drought plains, as well as wildfire
zones.
“Our clients have the national geospatial data for underwriting risk
across the U.S.,” said John O’Hara, executive vice president and
president, Pitney Bowes Software. “We also provide the risk management
mapping tools needed for all extreme weather categories. Every day,
insurers are looking to more accurately identify, assess and mitigate
risk exposure from these catastrophic events.”
With Pitney Bowes Software Risk Data, hundreds of millions of policies
may be processed in an hour. It is available as software-as-a-service or
as an on-premise solution. Insurers can use spatial data to assess risk
at a particular location without the need to visualize the data with
each individual location on a map. For more information on Pitney Bowes
Risk Data, contact Bill Sinn at 215-368-1556 or bill.sinn@pb.com.
About Pitney Bowes
Pitney Bowes provides technology solutions for small,
mid-size and large firms that help them connect with customers to build
loyalty and grow revenue. The company’s solutions for financial
services, healthcare,
legal,
nonprofit,
public
sector and retail organizations are delivered on open platforms to
best organize, analyze and apply both public and proprietary data to
two-way customer communications. Pitney Bowes is the only firm that
includes direct mail, transactional mail, call centers and in-store
technologies in its solution mix along with digital channels such as the
Web, email, live chat and mobile applications. Pitney Bowes has
approximately USD$5 billion in annual revenues and 27,000 employees
worldwide. Pitney Bowes: Every connection is a new opportunity™. www.pb.com
Source: Pitney Bowes
Pitney Bowes
Carol Wallace, 203-351-6974
Carol.wallace@pb.com
