Leveraging Geocoding Technology for Precision Risk Assessment in the Insurance Industry
Not all geocoding is equal — and for insurers, the difference matters. This paper benchmarks four leading geocoding services across seven countries using 350 real addresses, revealing error rates ranging from 0% to 40% by region and provider. We examine how a multi-provider geocoding pipeline embedded within AI-powered submission workflows can eliminate a persistent source of mispriced risk.
Author
Adnan Labib
PhD Candidate, King's College London | GenAirate AI Developer