E2VALue flows the risk assessment tool for home insurance companies

E2VALue has introduced a new risk assessment tool to improve the accuracy of the subscription in the home insurance market.

The new tool has been developed, which is the SIS insurance points (SIS), for seven years in cooperation with WTW and is now entirely owned by E2VALue.

It provides a popular approach to home insurance prices, providing small to medium -sized insurance companies with advanced analyzes previously available to the largest insurance companies, the company claims.

SIS evaluates the structural characteristics of individual properties, and analyzes more than 100 data points for each home. This allows assessing how the property responds to risks such as fire, water, weather, theft and responsibility, and identifying the exact risk factors that are often missing by traditional methods.

Unlike traditional methods that depend on the essential property features such as the number of bathrooms, floors, or roof age, SIS deepens. It uses technology on behalf of AI from E2VALue, which depends on a collection of data of millions of residential policies including insurance premiums, structural data and the date of loss.

The tool includes cost modeling across different risk categories and combined spatial geographical analyzes to improve risk assessments to postal code levels. This ensures that pricing reflects local conditions instead of wide geographical averages or complications from the remote market cost.

E2VALue stated that SIS data strategy has been improved during decades of monitoring losses from major events such as hurricanes and fires.

The company indicated that SIS is designed to provide a competitive advantage, especially for smaller insurance companies without internal analysis teams.

It allows better fragmentation, which helps transport companies to determine high -risk properties that can affect losing rates while identifying qualified homes to obtain distinct discounts.

SIS is presented on the basis of subscription, which makes advanced risk analyzes available to transport companies of all sizes. It allows them to make the enlightened subscription and pricing decisions with visions just for exclusive insurance companies with special tools.

The tool works to take advantage of AI and extensive data groups to address long -term challenges in property risk moderation.

“We think this is the moment of the water gatherings for us as well as the insurance industry as a whole. With the launch of SIS, this helps our customers to progress further than traditional subscription methods that depend on more constant data points,” said CEO of E2VALue and co -founder Todd Risel.

“SIS is an accurate tool that can redefine how to understand and pricing the risks on the market. It can do what the model and model registration have done to insure cars.”

E2VALue establishes the risk evaluation tool for home insurance companies. It was originally created and published by International Life InsuranceThe brand owned by Globaldata.

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