ABOUT CRIME ADVISOR

Since 1997, we have delivered innovative information products to the commercial insurance industry.

With Crime Advisor, MarketStance delivers accurate, reliable crime scores to direct intelligent business decisions that underpin tactical planning to reach strategic goals.

We work with carriers on an individual basis to make crime score output relevant to home office and field personnel to:


Compare crime levels from location to location to drive informed underwriting decisions

Trigger key business decisions and actions when clearly defined crime score thresholds occur

Incorporate updated information into planning and underwriting decisions to remain current with a changing market and crime landscape

 

Applying the crime scores to seemingly similar accounts delivers the competitive advantage to insurers, enabling them to opt to write those accounts with less crime risk thus reducing potential loss.

CRIME ADVISOR OFFERS STATE & NATIONAL COVERAGE OF VARIOUS CATEGORIES OF CRIME:

Insurers have struggled to apply crime statistics in an actionable way due to limitations with readily available data. Whether or not a carrier is aware, many of the crime rates or scores reported include strong biases that can result in misinformed decisions.

Many communities do not report crime data

Granular variations in crime are not visible

E.g. New York City reports a single rate though crime frequency and type vary markedly from borough to borough

Extensive year over year volatility for small communities

Bias in rates reported for seasonal communities with low year round residency and communities with largely commercial occupancy

COMMON CRIME DATA VARIANCES THAT MARKETSTANCE COMBATS WITH ACCURATE MODELING PRACTICES:

Identify alternative sources for crime data where it is not available from the FBI

Identify variations in crime data characterized by a single rate, but where parts of the geographic landscape skew a rate too high or too low

Smooth volatile rates by outliers in the data

Smooth rates for seasonally adjusted population or commercially adjusted population geographies

Annual updates of Crime Advisor incorporate the latest data

Crime Advisor Product Offerings

MarketStance gathers data from many sources in each category of crime.  By discarding outliers and normalizing raw data Crime Advisor more accurately reflects the realities of difficult to analyze locations. Variances found are easily managed though the standard modeling methodologies used by MarketStance.  These models address misunderstood discrepancies contained within crime data sets to eliminate inaccurate or outlying statistics.