A large insurance group insures homes in the Benelux. To do so, they need a reliable geodata solution that, in addition to comprehensive and qualitative data, also guarantees smooth integration with their existing platform.
The digital challenge for modern insurers
“In order to offer digital underwriting and correct risk analyses as a home insurer, we need very detailed and high-quality data,” explains the IT Co-ordinator and Data Officer. “Moreover, that data needs to be consistent across the Benelux region and smoothly integrated into our platform.”
The main challenge is to find the correct addresses of the insured properties, standardise them and then derive the risk characteristics from Belmap. “The geolocation of risks is directly dependent on the quality of the addresses. In addition, precision is a key element in accurately documenting the risks.”
Reliable addresses in Belmap
The insurer therefore began looking for a partner with experience in geodata solutions for the insurance industry. This led them to GIM and the Belmap API. “Thanks to Belmap, we have access to all the address information and 3D building layers for the entire Benelux. Additional information, such as flood risks, building volume estimates, housing type and more, can also be called up.”
The Belmap solution offers three concrete advantages:
- Data quality
Belmap provides highly accurate XY co-ordinates linked to the correct address and building. In addition, Belmap has accurate data not only for main buildings, but also for all outbuildings and sub-addresses, such as apartments.
- The entire Benelux covered
The solution provides reliable, up-to-date information for the entire Benelux region, thanks to unique and stable identifiers.
- Full integration
All the data is integrated into the insurance company's platform in a uniform and consistent manner.
A solid basis for further innovation
The result is a stable, reliable source of information that enables them to perform correct risk assessments on properties, manage their portfolio more efficiently and handle more cases. Belmap will also play a crucial role in the further automation and digitalisation of the underwriting process. In fact, the insurer is so convinced of the added value of Belmap that it entered into a co-creation partnership with GIM for the further development of new modules.
“We are very excited about the possibilities Belmap offers, both for the digital underwriting process and for our risk-modelling. The collaboration with GIM also goes beyond data integration. For example, GIM acts as a consultant in identifying new avenues for the digitalisation of our processes. We are looking forward to exploring further innovations along with GIM to strengthen our position in the Benelux market,” concludes the IT Co-ordinator & Data Officer.
“With Belmap's accurate and reliable data, we are improving both our digital underwriting process and risk assessments," according to the IT Co-ordinator & Data Officer at a large home insurance company.