QPC risk management geoprocessing to develop a nationwide set of risk factors using Oracle Spatial

Challenge
Quality Planning Corporation (QPC), a risk management insurance company, wanted to analyze massive amounts of unstructured historical data (both spatial and non-spatial ) in order to develop a flexible, customized and configurable nationwide set of potential risk factors. This would be used to improve the way insurance companies currently rate auto insurance policies.

Solution
Farallon developed a series of pre-processing services and custom data structures for the intensive geoprocessing using Oracle Spatial 10g. Tens of millions of individual policy locations were combined with historical claims records to determine predictive correlations between potential risk factors and location of policy holders.  Read more details...

Categories: Spatial Data Processing, Risk Management, Planning & Training, GIS Needs Asssessment, Training & Technology Transfer