Property Insights for the Australian and New Zealand markets
INTRO
Property insurance markets have undergone intense hardening in recent years, driven by increased extreme weather events, rising claims costs, as well as inflationary and supply chain pressures. Against this backdrop, enhancing portfolio performance is a constant challenge when the access to reliable and accurate data is limited. Insurers need better market strategies and underwriting practice to unlock sustainable growth and balance their property insurance portfolio.
At Swiss Re, we can help you optimise efficiency and decision making throughout the insurance value chain by harnessing the power of data, novel models and advanced analytics.
WHAT WE DO
Power your decision-making with Property Insights
Get actionable risk intelligence from relevant data and risk models to power your property insurance business.
We've developed property insurance modelling for all insurable residential properties in Australia and New Zealand. Building on our extensive risk expertise, rich data and global insurance experience, we built a state-of-the-art predictive model to enable property insurers to better understand their risk exposure and identify segments for profitable growth.
Our platform facilitates comprehensive portfolio analysis and a detailed assessment of an insurer's property concentration risk. Using our solution, an insurer can identify the risk characteristics of insurable properties in Australia and New Zealand, compare the risk profile of its portfolio to the market and learn about potential accumulation risks.
WHY PARTNER WITH US
Steer your property insurance portfolio and discover new growth opportunities
Our easy to use, plug-and-play solution enhances underwriting processes and empowers you to develop risk address-based pricing. It enables effective portfolio steering while helping identify opportunities to estimate the impact on a portfolio, benchmark against the market and identify loss drivers.
Make better decisions with high-quality insights in Australia and New Zealand.
Further Information
Property insights solution features
Australia
Our solution features
- 15 data sources harmonised to give a comprehensive view of the market and risk landscape
- More than 10 million property addresses in the combined database
- 250 attributes per property, and
- 100% coverage of addresses for natural hazard information
- 98.95% of addresses with building and contents values.
New Zealand
Our solution features
- 6 data sources harmonised to give a comprehensive view of the market and risk landscape
- 2.5 million property addresses in the combined database
- Over 100 attributes per property, and
- 100% coverage of addresses for natural hazard information.
Property Insights displayed on monitor
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Swiss Re Property Insights solution -
Swiss Re Property Insights -
Swiss Re Property Insights -
Swiss Re Property Insights
HOW IT WORKS
Australia and New Zealand Property Insights is available on Impact+, our plug-and-play analytics platform
Models and data can be accessed in real-time through the Impact+ platform directly. The platform offers a wide range of functionalities for enhanced data analysis and visualisation. Identify how properties are exposed to natural catastrophes, including flood, hail, bushfire, earthquake and landslide.
Insurance exposure – Create a residential property intelligence database with hundreds of risk attributes at the individual address level, based on insights from multiple data sources.
Dynamic post-event analytics – Provide advanced models with interactive dashboards to access fast analytics and insights following a natural catastrophe event for improved loss estimation and quicker response time to insurance policyholders.
Market benchmark – Support growth ambitions to gain profitable market share. Understand the insurable market better based on non-traditional data sources and get extensive access to leading natural catastrophe risk models.