CoreLogic announced that Hiscox London Market has adopted the company's PxPoint technology delivered via its RiskMeter platform as its primary source of geocoding. RiskMeter enables Hiscox to drive further insight from property risk data when underwriting insurance policies using advanced geocoding technology. Knowing a property's exact location is crucial to understanding the potential risks of natural disasters such as wildfires, hurricanes, tornadoes and floods.
RiskMeter delivers CoreLogic's PxPoint geocoding technology to pinpoint a property's location enabling accurate assessment of its level of exposure to these hazards. PxPoint offers geocoding to a building's footprint level which is an essential level of precision when gauging a property's likelihood of damage from a natural disaster. PxPoint integrates seamlessly with Hiscox's existing technology and workflow via high-capacity APIs.
These APIs deliver data in real time, which assists in quickly and efficiently determining a property's risk of disaster-related damages when deciding coverage options and costs.