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jerryking : geovera   1

Obsessed to a Fault - WSJ.com
APRIL 18, 2006 | WSJ | By LIAM PLEVEN. GeoVera, among the
largest sellers of quake insurance to homeowners on the open market in
California, is trying to buck the trend and make a profit at the same
time. About 40% of its business -- worth roughly $100 M in annual
premiums -- comes from selling quake insurance there. "What sets us
apart is our focus on catastrophe underwriting. That's all we do,"...The
company is a case study in the broader economics of disaster
insurance...GeoVera executives believe they can use their brains -- by
devouring data on the homes it insures, and keeping a close eye on the
location of its customers and the type of coverage they're buying -- to
make the company profitable. They analyze mounds of information about
the 115,000 homes the company insures: What are they made of? When were
they built? What types of foundations do they stand on? How solid is the
soil beneath them? Are they on a slope? How close are they to
California's 200-odd active faults?
catastrophes  insurance  disasters  GeoVera  underwriting  data_driven  risk-management  competingonanalytics  massive_data_sets  haystacks 
october 2010 by jerryking

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