Verisk Accelerator for FloodAssist® Integration for InsuranceNow

If you are interested in this InsuranceNow integration, please contact the Guidewire team via email at insurancenowpartnerconnect@guidewire.com

The Insurer Challenge:

For most property insurers, the distance from each risk to a coast is critical information that helps inform decisions about pricing, underwriting, and reinsurance. It’s essential to have accurate, validated data for any address in your portfolio with coastal exposure. 

The Solution:

Verisk’s Accurate and trusted coastal measurements: Verisk’s Distance to Coast solution is based on their proprietary Angle of Impact Measurement methodology delineating the coastlines of oceans, gulfs, the Great Lakes, and other major bodies of water to help measure and manage property risk from coastal exposures. Combining powerful geographic information system (GIS) mapping technology with their industry expertise, Distance to Coast meets the need for reliable, accurate data. 

Solution Benefits:

Highly accurate measurements, even for complex coastlines.

Distance to Coast uses sophisticated GIS technology to examine the coastline. The result is a highly accurate distance between each risk address and ocean, gulf, or Great Lake as well as a major body of water.

Integration Benefits:

The Verisk Distance to Coast functionality is integrated directly within InsuranceNow version 2022.1 (the Elysian release) and above.

Distance to Coast is available in the following coastal states: AL, AK, CA, CT, DE, FL, GA, HI, IL, IN, LA, ME, MD, MA, MI, MN, MS, NH, NJ, NY, NC, OH, OR, PA, RI, SC, TX, VA, WA, and WI.