Aon Benfield Extends Pitney Bowes Contract for Location Intelligence and Analytics
November 12 2013 - 6:00AM
Business Wire
Deep geographic data, extended global coverage
and high performance geocoding enable Aon Benfield to assess risk
more accurately and estimate losses for insurers
Pitney Bowes today announced that the leading reinsurance
intermediary and capital advisor, Aon Benfield, has extended its
contract for Pitney Bowes’ Spectrum data management solution. With
the extension, Aon Benfield will continue to use Pitney Bowes’
Enterprise Geocoding module for geocoding and reverse geocoding for
an additional three years to better meet their customer’s
needs.
Aon Benfield has chosen to continue its successful engagement
with Pitney Bowes based on the Spectrum solution’s best in class
geographic coverage, top of the line performance and extensive
integration capabilities. The Enterprise Geocoding module
translates common reference points, such as customer addresses,
into latitude and longitude points that can be visualised on a map
to provide up-to-date, accurate and consistent geocoding across
international geographies.
“The Spectrum data management solution has seamlessly integrated
with our systems, providing global coverage and enabling much
better decision making and catastrophe management assessments,”
said Douglas Olson, Managing Director of Product Development &
Applied Research at Aon Benfield. “Pitney Bowes’ solution has
become a key piece of our continued business plans and will only
become more integral as location intelligence is more widely needed
in the insurance industry. Location intelligence is key for us to
assess risks and provide accurate guidance to our insurance
provider customers.”
“We’re using the Spectrum software within ELEMENTS to help
clients geocode their exposure. Accurate geocoding helps improve
the accuracy of our catastrophe models and enables clients to
better understand their risks” added Chris Ewing, Catastrophe Model
Developer in Impact Forecasting at Aon Benfield.
Aon Benfield will continue its use of Pitney Bowes Spectrum as
the geocoding engine behind three of its innovative, one-of-a-kind
tools:
- ImpactOnDemand - a versatile map-based
platform providing visual and quantitative geographic analytics
that provide insight into client’s exposures to historical, current
and forecasted natural or man-made catastrophes and potential
associated loss estimates.
- ELEMENTS - a loss calculation software
developed by Impact Forecasting, Aon Benfield’s catastrophe model
development centre of excellence, the tool provides risk assessment
and analyses of the financial implications of catastrophes such as
earthquakes, hurricanes, windstorms and floods.
- Desktop Geocoder - in-house desktop
software that performs bulk geocoding to turn addresses into
coordinates to show on a map, or to import into a model.
“Data management solutions like those that Aon Benfield has
implemented are making it possible to better understand the risk
associated with natural catastrophes,” said Kieran Kilmartin, Vice
President, International Marketing, Pitney Bowes Software.
“Location intelligence is central to Aon Benfield successfully
assessing risk based on that location’s historical information and
we are thrilled they have chosen to extend their partnership with
us for three more years.”
For more information on the full range of Pitney Bowes’ line of
location intelligence and GIS software solutions, including the
Spectrum Enterprise Geocoding Module and MapInfo Pro, visit
http://pitneybowes.co.uk/software/location-intelligence/index.shtml.
Connect with Pitney Bowes on LinkedIn.
Keywords: Pitney Bowes, Aon Benfield, Location
Intelligence, Geocoding, Data Management, Insurance, Software,
Analytics, Data, Predictive Analytics
About Pitney Bowes
Pitney Bowes provides technology solutions for small, mid-size
and large firms that help them connect with customers to build
loyalty and grow revenue. Many of the company’s solutions are
delivered on open platforms to best organize, analyze and apply
both public and proprietary data to two-way customer
communications. Pitney Bowes includes direct mail, transactional
mail and call center communications in its solution mix along with
digital channel messaging for the Web, email and mobile
applications. Pitney Bowes: Every connection is a new opportunity™.
www.pb.com.
About Aon Benfield
Aon Benfield, a business of Aon plc (NYSE:AON), is the world’s
leading reinsurance intermediary and full-service capital advisor.
We empower our clients to better understand, manage and transfer
risk through innovative solutions and personalized access to all
forms of global reinsurance capital across treaty, facultative and
capital markets. As a trusted advocate, we deliver local reach to
the world’s markets, and an unparalleled investment in innovative
analytics. With more than 80 offices in 50 countries, our worldwide
client base has access to the broadest portfolio of integrated
capital solutions and services.
Pitney BowesYvonne Summers, +44 (0)1491
416748Yvonne.summers@pb.comorCarol Wallace,
203-351-6974Carol.wallace@pb.comorAon BenfieldAlexandra
Lewis, +44 (0)20 7882 0541alexandra.lewis@aonbenfield.com
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pitney Bowes (NYSE:PBI)
Historical Stock Chart
From Jul 2023 to Jul 2024