CoreLogic, a global property information, analytics and data-enabled services provider, has completed the company’s acquisition of Location Inc., a Worcester, Mass.-based leader in geographic data sciences and predictive, location-based analytics for businesses across the U.S. and Canada.
Location Inc.’s proprietary RiskSuite and NeighborhoodScout solutions combine the company’s spatial and property risk assets with machine learning and analytics expertise to provide market insights, projections and risk assessments for the insurance, real estate and finance sectors.
Commercial and residential underwriters rely on Location Inc.’s suite of claims risk products, including non-weather WaterRisk and FireRisk, as well as HailRisk, as a claim probability and severity platform that predicts loss costs for these perils, according to a CoreLogic press release.
CrimeRisk, Location Inc.’s high-resolution crime analytics, offers crime risk data on the market today and is used by insurers across North America to help in mitigating risk and uncertainty in the underwriting workflow.
Source: CoreLogic
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