Case Study: Hiscox achieves market-leading flood risk insight with Microsoft Azure from Microsoft Corporation

Data insight gives Hiscox market leading position for flood risk

Hiscox, a large UK insurance company, needed a better way to understand flood risk and customer pricing in the US. To do this, it turned to Microsoft Corporation’s Azure platform to store, analyze, and model huge volumes of flood and mapping data that traditional tools and on-premises infrastructure could not handle efficiently.

Using Microsoft Corporation Azure, Hiscox was able to run billion-point datasets and complete flood-risk analysis in about 12 hours instead of eight months, while increasing computing capacity by 100x on a cost-effective subscription basis. The improved insights helped Hiscox identify overpaying homeowners, refine pricing, expand its product offering, and achieve a market-leading position in flood risk.

Hiscox

Ian Penny

Chief Information Officer