Teradata, CoreLogic Partner for Geospatial Services

The offering helps insurers with underwriting processing, risk management, marketing and distribution management, according to the companies.

Dayton, Ohio-based Teradata and Santa Ana, Calif.-based CoreLogic have joined forces for a geospatial platform.

Geospatial natural hazard analytics data from CoreLogic are delivered on a Teradata Data Warehouse Appliance platform, which is optimized to house and analyze business data, historical policy data and other key components, the companies explain in a statement. This, they add, consolidates disparate spatial analytical environments into an integrated enterprise environment, helping insurers reduce the cost of enterprise implementation and maintenance, accelerate business processes and deliver vital intelligence to front-line users.

"We look forward to providing our customers with a consistent view of geospatial data that addresses the business problems associated with risk, regulatory compliance and revenue generation," Scott Little, VP of CoreLogic Spatial Solutions, says in a statement. "Our highly accurate parcel-based geocoding technologies and multi-hazard analytics, combined with Teradata technologies, can provide a game-changing strategy for pricing premiums accurately by assessing, classifying and valuing policies correctly."

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio