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Verisk Accelerator for Public Protection Classification (PPC®) for InsuranceNow

A property’s Public Protection Classification (PPC®) code reflects thorough grading of community fire mitigation efforts and property locations. This integration retrieves the PPC from Verisk for commercial and residential property new business.

Deployment:  InsuranceNow

Developer:  Guidewire

Works With:  InsuranceNow

Version:  1.0.0

ReleasedJul 15, 2021

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

 Accurate assignment of PPC at the address level. LOCATION® Public Protection Classification (PPC®) Service gives carriers information about the effectiveness of local fire department responses in more than 47,000 fire protection areas around the country.

•Recent research shows PPC is 9X more predictive than using distance to nearest fire station alone.

•Fire Protection Scoring Model: 50 variables used for deriving 10 different price points that measure the level of fire protection within a given area

•Superior data collection: 88 full-time field employees (80% have fire backgrounds) that provide on-site verification

•Used by more than 250 insurers

•Superior quality assurance and maintenance: 63full-time internal employees assigned exclusively to PPC

Utilizing this integration helps improve overall data quality to help analyze and evaluate personal and commercial property policies. This direct integration with Verisk provides out the box workflow to provide the ability to retrieve PPC information for an entered location during the new business process.