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Advances in Location Intelligence propel Property and Parametric Insurance

Originally published at: Advances in Location Intelligence propel Property and Parametric Insurance - Daily Fintech

In property insurance, precision in assessing risks is a prerequisite for pricing policies competitively and curtailing excessive claim pay-outs. With better location intelligence, carriers mitigate risks, accelerate claim procedures, improve fraud detection and expand their customer base. Location intelligence (LI) has become crucial to enabling organizations in several industries to achieve strategic business goals, with…