emapsite's exclusive UK Crime Model
According to statistics from the Association of British Insurers (ABI), theft from property accounts for 13% of claims by value and there is a continual need to improve and update the understanding of it as a risk within the UK Insurance market. Exposure can be reduced by pricing risk at a local level but this is only possible with an understanding of local statistics. The insurance industry requires a solution that is transparent, based on scientifically robust data, employs innovative analytical techniques and is consistent with past claims experiences. The emapsite Crime model covers England, Scotland, Wales and N.Ireland, using the latest officially reported figures from the Police Authorities.

More information
• Using emapsite's Crime peril model, risk analysts, underwriters and actuaries can score risk at a local level to make optimal pricing and portfolio decisions.
• Its currency and level of detail means insurers can enjoy greater confidence in the rationale behind decisions on risk selection, valuation, pricing and accumulations.
• Business value can also be realised from shorter quotation times and, because it is a hosted solution, you no longer have to manage your own potentially costly data stacks and IT deployments.


Technical information
• The Crime model incorporates anonymised data from the Police Authorities’ latest officially reported figures covering England, Wales, Scotland and N.Ireland.
• The model incorporates analysed and geographically redistributed crime data, from which a combined risk score per postcode unit is supplied, along with ‘trend’ % value indicating at postcode level whether crime is increasing or decreasing against the previous year.
• As a result of testing against insurer claims data, the Crime model has been proven to be highly predictive and selected for procurement
• For ease of use by Insurer systems, the dataset is available as a complete file (.csv) or through web services from the emapsite Perils data hub.