Author Archives: Chris Sams and Tim Edwards

About Chris Sams and Tim Edwards

Chris Sams is a senior product manager for geocoding at RMS.

Tim Edwards is a regional director and head of catastrophe analytics Europe at Willis Re. Tim leads Willis Re’ European catastrophe modeling team, holds a bachelor's degree in Economics and is ACII qualified. He has been at Willis for seven years and leads analytical initiatives covering the Willis View of Risk, model evaluation, emerging risks and portfolio optimization.

Geocoding: The Underappreciated Science of Catastrophe Modeling

“Geocoding”’ is the ability to assign descriptive address information to portfolio locations for the purposes of assessing hazard at a given location. It is a core step that takes place within the catastrophe modeling process, ranging from a single location assessment to bulk look-ups for an entire portfolio.

Despite advances in peril mapping and geocoding technology, the geocoding process often remains a challenge. Here we consider these challenges and how the quality of the data can be improved.

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