Commercial Property Perils Insight Suite

Product Overview
The Commercial Property Perils Insight suite is an innovative, new set of computer data models that predict the relative risk of claims being incurred across the UK for the main insured perils of Arson, Accidental Fire, Theft, Flood, Storm damage, Subsidence, Escape of Water and Extreme Cold Weather. The models are based on extensive research into commercial property risk using the latest hazard and damage information and take into account the changing economic landscape of the UK. The models have been built from highly granular data relevant to each peril as well as detailed vulnerability information relating to the commercial property stock. These have been calibrated using emerging mathematical techniques to produce probabilistic risk estimates by postcode unit and full address level. The Commercial Property Perils Insight models have been tested against external validation samples and have shown a high degree of discrimination between high and low risk areas.