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Group 1 offers High Definition Data solutions to the P&C
industry to help automate the process of assigning rating
territories, and to help accurately assign tax jurisdictions
to reduce the risk of compliance penalties.
Today's competitive insurance market faces increasing
demands from customers and investors, as well as a higher
level of scrutiny from regulators. This has created an
environment where insurance companies need real-time
solutions that deliver both accurate and timely information.
It is also critical that insurance companies understand
their exposure to both natural and man-made disasters.
Underwriters and actuaries need to consider many risk
factors each time that a policy is issued, renewed, or a
book of business is reviewed. A key component of this
includes being able to accurately and quickly assign rating
territories to new and existing customers.
P&C companies are turning to Group 1's High Definition Data
solutions to redefine how their location related data is
collected, maintained, interpreted and applied.
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