Risk Data Suite Earthquake Bundle
Designed for use by businesses in the insurance sector, our earthquake risk indicator enables you to analyze which properties are within fault zones in order to make better informed decisions.
The earthquake bundle is part of our Risk Data Suite, which also includes a range of other risk indicator solutions.
How our earthquake risk indicator worksThe Risk Data Suite Earthquake Bundle from Pitney Bowes Software uses data from the United States Geological Survey (USGS) and the National Earthquake Information Center’s (NEIC) Earthquake Hazards Program to:
- Determine the fault zone for a potential residential property in online underwriting applications.
- Determine the historical 5-mile earthquake range for millions of residential properties.
- Visually inspect potential commercial property locations for proximity to fault lines (in conjunction with mapping tools).
- Dynamically buffer the fault data for Enterprise operational applications
Using our earthquake risk indicator within your businessOur Risk Data Suite Earthquake Bundle provides insurance companies with a number of key benefits:
- Provides straight-through-processing for underwriting
- Enables you to present property exposure information to brokers & agents
- Helps you to determine regional line limits
- When used with mapping tools, allows you to generate maps of the closest properties for visual inspection
Earthquake risk indicator case scenariosUnderwriting can determine the maximum earthquake exposure for a specific zip code or by insurer rating territory. Using this information, risk exposure can be passed on to your business's decision-makers to determine if additional policies can be written or added to an area.
Contact us to find out more about the benefits of using our earthquake risk indicator software.
Our earthquake risk indicator has some outstanding features, making it the perfect option for businesses in the insurance sector.
Shows Fault Lines and Fault ZonesThe Fault Line layer contains the location of the Fault Lines for the U.S. This information from the United States Geological Survey (USGS) can be used to calculate distance to a fault.
Our Risk Data Suite Earthquake Bundle also includes a Fault Zone layer. This layer contains a 1/4 mile buffer around each Fault Line that provides the ability to perform point-in-polygon analysis to determine if an address is within range of a fault.
Includes earthquake epicenter dataEarthquake data is a historical record of earthquakes recorded between 1492 and present day from the USGS. Data is currently provided at the U.S. level using geographic information systems technology with up-to-date information from the United States Geological Survey (USGS) and the National Earthquake Information Center’s (NEIC) Earthquake Hazards Program.
Highlights Alquist-Priolo Fault ZonesThe Alquist-Priolo Earthquake Fault Zoning Act was passed in 1972 to mitigate the hazard of surface faulting to structures for human occupancy.
Its main purpose is to prevent the construction of buildings used for human occupancy on the surface trace of active faults. The Act only addresses the hazard of surface fault rupture and is not directed toward other earthquake hazards.
Find out more about our Risk Data Suite Earthquake Bundle.
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