Case Study: US Large Property Casualty Insurance Company achieves consistent, hyper-accurate risk selection and cost savings with Precisely Spectrum Global Geocoding

Consistent and accurate geospatial data improves risk selection for large insurer

US Large Property Casualty Insurance Company, a long-standing U.S. insurer, was struggling with inconsistent geospatial data across systems that undermined underwriting and pricing decisions. Variations in addresses and different reference data between personal and commercial lines prevented a unified view of exposure; to fix this they evaluated vendors and selected Precisely’s Spectrum Global Geocoding and associated location datasets and tools.

Precisely implemented Spectrum Global Geocoding with Master Location Data, the Geocoding Connector for GIS, and Buildings USA, Parcel Boundaries and Property Attributes datasets, working alongside the insurer’s engineers to integrate PreciselyIDs companywide. The result: a consistent, hierarchical location view that improved risk selection and decision-making, delivered a double‑digit improvement in spatial accuracy over the nearest competitor, enabled 1 million geocodes in seven minutes and real‑time lookups (50 concurrent) under 200 ms, reduced manual data movement and produced measurable cost and speed gains.