CoreLogic announced that Hiscox London Market has adopted the company's PxPoint™ technology delivered via its RiskMeter™ platform as its primary source of geocoding. RiskMeter enables Hiscox to drive further insight from property risk data when underwriting insurance policies using advanced geocoding technology. Knowing a property's exact location is crucial to understanding the potential risks of natural disasters such as wildfires, hurricanes, tornadoes and floods.

RiskMeter delivers CoreLogic's PxPoint geocoding technology to pinpoint a property's location enabling accurate assessment of its level of exposure to these hazards. PxPoint offers geocoding to a building's footprint level which is an essential level of precision when gauging a property's likelihood of damage from a natural disaster. PxPoint integrates seamlessly with Hiscox's existing technology and workflow via high-capacity APIs.

These APIs deliver data in real time, which assists in quickly and efficiently determining a property's risk of disaster-related damages when deciding coverage options and costs.