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Pitney Bowes Software Helps Insurers With Catastrophe Modeling and Risk Management During Extreme Weather Events



  Pitney Bowes Software Helps Insurers With Catastrophe Modeling and Risk
  Management During Extreme Weather Events

Reinsurance Association of America's CAT Modeling 2013

Business Wire

ORLANDO, Fla. -- February 12, 2013

Risk managers and reinsurance experts meeting in Orlando Florida this week at
the RAA’s Cat Modeling conference have seen recent weather developments that
continue to affect their modeling analysis techniques and best practices
during 2013. Hurricane Sandy, severe windstorms, Nor’easters, and unusually
warm spells during mid-Winter are leading experts to new discussions on
catastrophe modeling and risk management. Real-time analysis of these
conditions – and the ability to act quickly on this insight -- is the new norm
in the insurance sector.

Excellent wildfire, blizzard, drought and flood catastrophe modeling and risk
management is key to an insurer’s solvency and profitability. In a world of
extreme weather, the ability to accurately map risk in real-time has become a
critical business imperative for insurers. It demands risk management software
with superior data quality, geocoding and geo-spatial functions. Finally,
clear mapping visualization is a must-have for any insurance business leader
planning strategy against a quick-changing atmospheric backdrop.

Clients using Pitney Bowes Software risk management tools are able to map
their potential loss exposure during a catastrophe in near real-time. During
normal conditions, they can continually update their policies and assess their
overall risk across their business by mapping consumers against shifting flood
and drought plains, as well as wildfire zones.

“Our clients have the national geospatial data for underwriting risk across
the U.S.,” said John O’Hara, executive vice president and president, Pitney
Bowes Software. “We also provide the risk management mapping tools needed for
all extreme weather categories. Every day, insurers are looking to more
accurately identify, assess and mitigate risk exposure from these catastrophic
events.”

With Pitney Bowes Software Risk Data, hundreds of millions of policies may be
processed in an hour. It is available as software-as-a-service or as an
on-premise solution. Insurers can use spatial data to assess risk at a
particular location without the need to visualize the data with each
individual location on a map. For more information on Pitney Bowes Risk Data,
contact Bill Sinn at 215-368-1556 or bill.sinn@pb.com.

About Pitney Bowes

Pitney Bowes provides technology solutions for small, mid-size and large firms
that help them connect with customers to build loyalty and grow revenue. The
company’s solutions for financial services, healthcare, legal, nonprofit,
public sector and retail organizations are delivered on open platforms to best
organize, analyze and apply both public and proprietary data to two-way
customer communications. Pitney Bowes is the only firm that includes direct
mail, transactional mail, call centers and in-store technologies in its
solution mix along with digital channels such as the Web, email, live chat and
mobile applications. Pitney Bowes has approximately USD$5 billion in annual
revenues and 27,000 employees worldwide. Pitney Bowes: Every connection is a
new opportunity™. www.pb.com

Contact:

Pitney Bowes
Carol Wallace, 203-351-6974
Carol.wallace@pb.com
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