Linking Millions of People Policies and Places
-
Upload
hugh-saalmans -
Category
Business
-
view
112 -
download
4
Transcript of Linking Millions of People Policies and Places
![Page 1: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/1.jpg)
GIS Development Manager
IAG Direct Insurance - Geospatial Information
Hugh Saalmans
Linking millions of
people, policies and places
![Page 2: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/2.jpg)
insurance & IAG
pricing & location based risk
geocoding & addressing
G-NAF
agenda
![Page 3: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/3.jpg)
insurance & IAG
pricing & location based risk
geocoding & addressing
G-NAF
agenda
insurance & IAG
![Page 4: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/4.jpg)
“...the business of manufacturing promises”
~ Warren Buffet, 2012
what is insurance?
![Page 5: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/5.jpg)
insurance is a sizable industry
$19,689,000,000
1.3% GDP
Source: APRA June 2012 Quarterly GI Performance Statistics
claims paid p.a.
![Page 6: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/6.jpg)
![Page 7: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/7.jpg)
![Page 8: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/8.jpg)
![Page 9: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/9.jpg)
![Page 10: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/10.jpg)
![Page 11: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/11.jpg)
insurance & IAG
pricing & location based risk
geocoding & addressing
G-NAF
pricing & location based risk
agenda
![Page 12: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/12.jpg)
pricing is affected by…
reinsurance costs
![Page 13: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/13.jpg)
pricing is affected by…
industry competition
![Page 14: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/14.jpg)
pricing is affected by…
government
fees & charges
![Page 15: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/15.jpg)
but most affected by…
how often a customer will need to make a claim; and
![Page 16: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/16.jpg)
but most affected by…
...how much it will cost each time
![Page 17: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/17.jpg)
to predict claims and claims cost - we need to determine the risk of something happening
to do that, we start with each property’s location and then assess its risk
![Page 18: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/18.jpg)
location based risk
![Page 19: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/19.jpg)
bushland
location based risk
distance to bushland = a bushfire risk factor
![Page 20: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/20.jpg)
park
bushland
location based risk
distance to parks = a burglary risk factor
![Page 21: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/21.jpg)
park
bushland
location based risk
distance to main roads = a collision risk factor
![Page 22: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/22.jpg)
park
bushland
location based risk
regional geology determines earthquake risk
![Page 23: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/23.jpg)
G - N A F
calculating location based risk
![Page 24: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/24.jpg)
geocodingL O C A T I O N
G - N A F
calculating location based risk
![Page 25: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/25.jpg)
spatial relationshipsWhat’s nearby?
geocodingL O C A T I O N
G - N A F
calculating location based risk
![Page 26: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/26.jpg)
modellingWhat could happen?
spatial relationshipsWhat’s nearby?
geocodingL O C A T I O N
G - N A F
calculating location based risk
![Page 27: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/27.jpg)
claim frequencyHow often?
modellingWhat could happen?
spatial relationshipsWhat’s nearby?
geocodingL O C A T I O N
G - N A F
calculating location based risk
![Page 28: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/28.jpg)
damage curvesHow severe?
claim frequencyHow often?
modellingWhat could happen?
spatial relationshipsWhat’s nearby?
geocodingL O C A T I O N
G - N A F
calculating location based risk
![Page 29: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/29.jpg)
insurance & IAG
pricing & location based risk
geocoding & addressing
G-NAF
geocoding & addressing
agenda
![Page 30: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/30.jpg)
DI & geocoding
why? geocoding is the only cost effective method of locating risks, at the property level, on a national scale
1:1 pricing - a foundation of our strategy
What do we use?
geocoding
![Page 31: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/31.jpg)
DI & geocoding
status? geocoding and geo-pricing rolled out nationally
geocoding
100% overall geocoding rate
>95% household geocoding rate
![Page 32: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/32.jpg)
what is geocoding?
![Page 33: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/33.jpg)
what is geocoding?
converting addresses into usable locations
![Page 34: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/34.jpg)
3 areas for improvement
1. input addresses
2. address matching
3. reference addresses (G-NAF)
geocoding
![Page 35: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/35.jpg)
UNIT2LEVEL310-20ALFREDSTREETNORTHNORTH SYDNEY2060NSW
need a good
address structureStreet 2/3/10-20 Alfred St N
Suburb Nth Sydney NSW 2060
legacy addresses will need to be cleansed
input addresses
sub-dwelling typesub-dwelling no
level typelevel no
street numberstreet name
street typestreet suffix
localitypostcode
state
![Page 36: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/36.jpg)
good address capture has:
structured input
predefined pick lists
rapid address lookup
input addresses
![Page 37: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/37.jpg)
locality issues
local names vs gazetted
e.g. 96% of customers provide an unofficial suburb name in Tamworth
input addresses
![Page 38: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/38.jpg)
locality issues
vanity suburbs
input addresses
Kingswood
Heights
![Page 39: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/39.jpg)
the geocoding engine
evaluate, reconfigure, test it
G-NAF 360o test (geocode G-NAF itself)
address matching
![Page 40: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/40.jpg)
the geocoding engine
add your own logic
talk to your vendor
address matching
![Page 41: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/41.jpg)
insurance & IAG
pricing & location based risk
geocoding & addressing
G-NAF
agenda
G-NAF
![Page 42: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/42.jpg)
is it any good – yes it is
errors – yes, but limited
completeness - ~95% complete
timeliness – can take up to 12 months for new addresses to be added
G-NAF (reference addresses)
![Page 43: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/43.jpg)
errors
mostly transient
range from amusing to business impact
can impact customers
use DIY database rules and QA to limit the impact
G-NAF
![Page 44: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/44.jpg)
errors
examples:
units being 1km from their building address
addresses assigned to the wrong duplicate locality
alias and principals with diff. cords
G-NAF
![Page 45: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/45.jpg)
completeness
postcodes sparsely populated on addresses
G-NAF
![Page 46: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/46.jpg)
completeness
sub-dwellings generally don’t have unique coords
Your customer data can be an additional “G-NAF data source”... use it!
G-NAF
![Page 47: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/47.jpg)
timeliness
Some new houses are insurable before address is in G-NAF
That’s why G-NAF Live is encouraging
G-NAF
![Page 48: Linking Millions of People Policies and Places](https://reader034.fdocuments.us/reader034/viewer/2022051721/586fe3b81a28ab18428b808d/html5/thumbnails/48.jpg)
location is fundamental to insurance
geocoding - 3 areas of improvement (to get >95%)
addresses – clean, structured, well captured
engine – tested, optimised, customised
G-NAF – postcodes, sub-dwellings,
G-NAF Live
summary