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The Critical Role of Geospatial Intelligence Data in Property Insurance Pricing

Climate Risk Market Briefing

Online

Zoom

4th March 2025 • 13.00 - 14.00

About this session

This Market Briefing for the MGAA will look at the extreme weather events of the past few years, from the heatwaves in 2022 and 2023 to the succession of storms in the Autumn and Winter of 2023 and 2024. Caroline will look at the most recent predictions for increasing weather events and discuss the role of geospatial intelligence data to help insurance providers better understand and mitigate environmental risks.

Learning objectives

At the end of this session, delegates will be able to:

Describe the role of geospatial intelligence data in predicting environmental risks
Explain about the predictions for flood and subsidence risks specifically, as an outcome of the changing climate
Summarise the power of perils data on trees, storms and basement risks
Outline how insights on perils risks combined with intelligence on property characteristics can help build a clearer understanding of property risk for fair and accurate pricing

Presenters

Caroline Elliott-Grey

Senior Product Manager • LexisNexis Risk Solutions

Caroline Elliott-Grey is senior product manager at LexisNexis Risk Solutions, responsible for overseeing the business’s geospatial intelligence data solutions for home and commercial insurance, from development to eventual roll out across the market.

Before joining LexisNexis Risk Solutions, Caroline worked for E.ON Energy where she helped to refine several products as well as improve all key digital channels to give customers a more positive experience and online journey. There are many synergies between the energy market and the insurance sector so it was a natural move to LexisNexis Risk Solutions.

Caroline’s experience working in the energy sector has also put her in a great position to understand more about the very real risks of climate change. She uses her knowledge to work alongside insurance providers to help them access the data that they need to make more informed home and commercial property decisions and support their customers in the face of these increasing risks.