Instech London, a leading trade organisation dedicated to promoting the latest developments in technology for the insurance sector, has recently produced a comprehensive report on location intelligence (LI).
Location Intelligence 2020 – the Companies to Watch: Where, what and how risky? report should be of interest to anyone involved in understanding how the location of a property, its features and its surrounding environment can influence the price of insurance.
The report provides a great historical context for where location intelligence and insurance have come from and how the insurance sector has used LI in the past to inform decisions, especially in relation to flooding.
The report goes on to explain what is available now and what the future might hold—exploring topics such as the greater availability of building-level data, benefits of more frequent updates, open data, data flow and how to access data from new sources in the future.