Enterprise businesses are embracing the idea that if properly managed and utilized, their data can fundamentally improve the results of their organizations. DMTI is opening the door to all levels of business, providing you, the customer, with the tools you need to make your business more efficient, more effective and, generally speaking, more intelligent, by addressing risk and opportunity across your enterprise.
By amalgamating the largest nationally sourced Canadian geospatial database with our world-class address recognition and geocoding technology, DMTI will drive the ultimate in unprecedented Location Intelligence solutions.
DMTI Solutions Address Insurance & Financial Related Business Problems
Risk Management and Fraud Mitigation
- Confirm the existence of an address and leverage the true context of an address to reveal exposure, validate claims, and employment and residence verification.
- Visualize, with high precision, your entire book of business to enable an accurate analysis of exposure and accumulation
Underwriting Efficiency
- Leverage reliable, real-time data updates giving you the most current information on which to base your decisions
- Locate, at the address level, where you should grow your business while also allowing you to avoid business that does not fit your target market
Operational Savings
- Enforce data governance and cohesion of previously disparate data across the organization
- Standardize addresses for reliable communication across the organization
How Do Insurance & Financial Companies Benefit?
By increasing address match rate and accuracy by 30% in your current business, Insurance & Financial companies can realize a 1% increase in retention rate, a 1% decrease in claims costs and a 1% increase in new, targeted business. These adjustments, as a result of implementing DMTI Spatial solutions, can grow an organizations profits upwards of $2.5 million.
Providing a location based perspective to business intelligence that was previously unseen, DMTI Spatial’s Location Intelligence solutions enable enterprise businesses to leverage location based data and web services so that they can make better business decisions regarding risk, fraud and portfolio development in order to increase profits for a healthy combined ratio.