Urbanico has built an urban intelligence platform, providing US insurance carriers with curated risk factors that are based on hyper-localized urban data. By looking 150X closer into the personal-related risk of each written policy (New business or renewals), Urbanico's forecasts refine the carrier's risk selection and underwriting guidelines while monitoring its book in real-time.
Utilizing billions of deep urban data points, collected from thousands of local governments across the nation, Urbanico forecasts various contextual perils (Theft, Vandalism, Fire, Bodily injury and more), at a granularity level that was previously untouchable.
Backtesting Urbanico's forecasts against tier-1 carriers' data, Urbanico has proven its ability to create a significant (Over 6 percentage points) reduction in their L/R, all with minimal to no impact on the book's GWP.