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GEO-ANALYTICS IN RISK MANAGEMENT –
TWO DECADES OF INSURANCE MARKET EXPERIENCE
ESRI UC 2016 – Business Summit, San Diego
Andreas Siebert
Head Geospatial Solutions – Corporate Underwriting
Agenda
01
02
03
Challenges for the
insurance industry
Geointelligence within the
insurance value chain
Innovative outlook
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Source: Earthstar Geographics, Esri, Munich Re
Image: used under license from Shutterstock.com
01 Challenges for the
insurance industry
Geointelligence and NATHAN
3
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Location-based requirements to the insurance industry

Increasing value concentrations and insurance penetration also in risk prone areas

More detailed risk transparency and risk modelling required (cat modelling)

Higher and more costly losses from natural catastrophes (vulnerabilities)

Accumulation control is a key in our business model

Complexe interdependencies between different lines of business

Dramatic changes in the known risk landscape: new risks (cyber), new technologies (drones),
pandemics, aging infrastructure
Challenges for the industry
Major global business risks 2015
Allianz Global Corporate & Speciality, 2015
Integration of location intelligence in the business workflow
4-step approach
I. Nerd Phase:
Experts only
II. Touch Phase:
Supporters join
Business
GIS
GIS
III. Integration Phase:
Community forms
IV. ROI Phase:
Return can be measured
Business
GIS
Source: Andreas Siebert, Munich Re, 2014
Business
Business
GIS
02 Geointelligence
within the insurance value chain
Source: Earthstar Geographics, Esri, Munich Re
Worldmap of Natural Hazards
…the nucleus of location-based underwriting
Digitalization in the early days…..
Geointelligence in the insurance business value chain
Product
development
Sales and marketing
Risk identification
Risk management
Risk assessment
Claims management
Modelling, rating,
budgeting
Risk
accumulation
control
Risk identification
Risk analytics
Claims management
Footprint Analysis
Number of Risk
Locations
Percentage
Affected by Ike
1400
58 %
Not affected by Ike
1000
42 %
Sum
2400
100 %
Location based services for risk managers
The visibility of geospatial solutions
Internal Solutions
„visible“
Geospatial Portal
Client Services
NATHAN
Internal Solutions
„invisible“
GeoData-Services
NATHAN Risk Suite
From Wallmaps to innovative and fully integrated mobile solutions
1978 / 1988 / 1998 / 2009 / 2011
Source: Munich Re
2012 / 2014 / 2015
A holistic and global risk management view
Source: DeLorme, USGS, HERE, powered by Esri
Source bottom right: DigitalGlobe, GeoEye, Microsoft, CNES/Airbus DS
03 Innovative Outlook
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Business intelligence & Geointelligence
What?
Business intelligence
(can be any insurance
information)
Who?
How many / how much?
Insurance
Data
Where (and where not)?
Geointelligence
(can be any spatial
information)
Where (in relationship to a hazard)?
Where (in relationship to each other)?
New platforms and solution architectures are needed
Differing demand of geospatial services and analyses
across the business units…
Property
Marine
Life &
Health
Agro
Casualty
Marketing &
Sales
GIS
Engineering
Geographic Information Systems (GIS)
aligns teams by facilitating collaboration and understanding
New challenges
Geospatial
Portal – new analytics
Summary
Dynamic near-time and real-time data enriches our solutions
Quelle: New Raleigh, 2011
Quelle: Twitter Inc., 2016
High resolution satellite and drone images giving new insights
Big data analytics
Geospatial
Portal with AIS data supports marine risk
assessment
Summary
Spatial-temporal
Geospatial
Portal visualization of pandemic risks
for Life & Health business
Summary
Socio-economic data for insurance sales and marketing
Steering sales
Geospatial
Portalactivities based on market potentials
Summary
Collaboration within the insurance ecosystem
offering tailor-made solutions
New trends are influencing geospatial and insurance
innovations
Autonomous driving
IoT
Smart home/cities
On-demand logistics
Geomedicine
Predictive Analytics
Spatial Big Data
Indoor Positioning
Real/Near-time
Drones
© 2014 Münchener Rückversicherungs-Gesellschaft © 2014 Munich Reinsurance Company
Thank you very much for your attention!
Andreas Siebert
Email: [email protected]
Linkedin: https://de.linkedin.com/in/andreassiebert
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