Case Study
A large U.S. insurer automates complex determinations of vehicles’ territorial ratings
Overview A large U.S. company provides property and casualty insurance and group benefits to customers around the world. One place where policy pricing is challenging is the Connecticut auto insurance market. That state’s Insurance Department Regulation 38a-686-2 places stringent restrictions on how insurers assign vehicles to the geographic territories they use in calculating ratings. The insurer enlisted assistance from Precisely to ensure compliance with the regulation, without dedicating exorbitant amounts of staff time to geospatial analysis. Now, the insurer’s systems incorporate a quarterly data feed from Address Fabric, a file of all U.S. addresses and address- related characteristics. Because the geocoded location data integrates automatically into the insurer’s intern