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Precisely helps Abellio Assurances manage climate risks
Leading French insurer Abeille Assurances is leveraging spatial analytics and location data from Precisely to manage climate risk and enhance customer experience.
“As climate-related risks continue to evolve, it has become essential to enrich our data with spatial information – not only for prevention but also for effective risk management,” says Rosine Gergaud, Geomatics Project Manager and Head of the GeoAnalytics team, Abeille Assurances. “In order to ensure access to accurate, automated geographic information, the GeoAnalytics team was established to develop spatial analysis for all entities of our business. I’m extremely proud to have been involved in this project for so many years and to see positive results for Abeille Assurances' teams.”
With a decade-long partnership already in place, the GeoAnalytics team trusted Precisely for its expertise in spatial analytics and data enrichment. By using Spectrum Spatial alongside its existing Spectrum Global Geocoding implementation, the team can support its Climate Exposure and Underwriting functions. This enables the team to dynamically visualize policyholders and nearby risks with precision, delivering highly accurate exposure assessments.
“Spectrum Spatial satisfied all our various needs to better monitor and take ownership of our exposures,” adds Delphine Jeanneau-Bernard, Exposures Management Project Manager and Head of Damage Exposures and Climate Risks, Abeille Assurances. “The big benefit is its flexibility, which is the opposite of the ‘black box’ tools that we’re used to seeing on the market. We were able to implement it very quickly, integrate our own maps and data, and develop a custom module that was eagerly awaited by our underwriting teams.”
“As extreme weather events become more frequent and severe, insurers must leverage precise location intelligence to assess risks accurately and protect their policyholders,” explains Clarence Hempfield, Senior Vice President – Location Intelligence, Precisely. “Abeille Assurances is a prime example of how advanced geospatial analytics and data can drive smarter underwriting, enhance claims management, and improve customer experiences. We’re proud to support their continued innovation with our location intelligence and data enrichment solutions and be the partner of choice for leading insurance companies around the world.”
The importance of location intelligence and data enrichment to the insurance industry has grown significantly in recent years. This need has been driven by the increasing impacts of extreme weather events caused by climate change – with geospatial and data-driven insights playing a crucial role in predicting and mitigating risks to buildings, infrastructure, ecosystems, and human health. According to the European Environmental Agency (https://www.eea.europa.eu/en/topics/in-depth/extreme-weather-floods-droughts-and-heatwaves), extreme weather has resulted in more than half a trillion euros in economic damage over the past four decades. Flooding risks are escalating in France and across Europe, where volatile weather patterns threaten large populations and critical infrastructure.