The HazardHub white paper addresses the shortcomings of traditional, territory-based insurance underwriting, which fails to accurately capture the varied and dynamic nature of perils across different locations. Increasing losses and decreased profits are partly due to this inadequacy, exacerbated by natural disasters and shifts in population towards more hazard-prone areas. It introduces Geospatial Hazard Rating as a modern solution, leveraging advanced GIS, GeoAI, and real-time data to provide precise, location-specific risk assessments. This method enables insurers to assess, underwrite, and price policies more accurately, leading to fairer premiums, improved customer service, and potentially lower loss and expense ratios by aligning price with actual risk exposure.

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