ILC ARTICLE

CoreLogic announces Hiscox collaboration

31st May 2022

CoreLogic has announced that Hiscox London Market has adopted its PxPoint technology to better understand property risk and enhance underwriting accuracy.

Delivered through the RiskMeter platform, the solution uses advanced geocoding technology to provide detailed property information from precise location to structure to assess its vulnerability to natural hazards such as wildfires, hurricanes and floods.

The CoreLogic solution integrates seamlessly with Hiscox’s existing technology and workflow via high-capacity APIs, which deliver data in real time to enable insurers to quickly and efficiently determine a property’s risk of disaster-related damages when deciding coverage options and costs.

William Forde, senior director, at CoreLogic Protect, said, “We worked closely with Hiscox to deliver PxPoint via our RiskMeter platform, providing a critical level of precision that provides insights into specific peril risk and portfolio-level exposure analytics. This alliance is the crossroads of technology meeting the demands of modern insurance workflow.”

Paul Butler, London Market Technology Director for Hiscox, added, “The structural level accuracy of the PxPoint geocoding enables us to confidently assess and price a risk at speed for our underwriting APIs.”