Markel International
Pitney Bowes Software Helped Markel to Accurately Analyze Risk in a Dramatically Changing Environment
Challenge
In the wake of the 2004 and 2005 hurricane seasons, as with insurers across the globe, Markel International realised the need to sharpen the reliability of their risk models to provide an improved level of surety in this dramatically changing environment.
Solution
Markel engaged Pitney Bowes Software to deliver a high level of location intelligence, utilising its software, data and services to provide in-depth mapping of existing data and the ability to analyse risk against possible perils. Accuracy of co-ordinates and the ability to view these on a map was paramount to effectively identify accumulated risk and evaluate the probability of loss and potential net exposure.
Category: Insurance