AMSTERDAM, May 30, 2024 (GLOBE NEWSWIRE) — TomTom (TOM2), a specialist in location technology, has announced that its location data has been chosen by Moody’s, a global risk assessment firm. Moody’s, known for its data-driven analytical solutions, will integrate TomTom’s data into its risk management solutions.
Moody’s will incorporate TomTom’s data into its Insurance Geocoder, enhancing the accuracy and relevance of geocoding analyses across various sectors such as insurance, finance, real estate, and related fields. This collaboration aims to provide organizations reliant on precise geospatial data with better insights to manage risk and improve decision-making processes.
For insurers, accurate geocoding is crucial, especially when assessing risks related to natural disasters. TomTom’s location data enables Moody’s to create tailored insurance geospatial references, aiding insurance companies in assessing property exposure to catastrophes and effectively managing their portfolios.
Aaron Mayfield, Senior Director of Product, Insurance at Moody’s, emphasized the importance of accurate geocoding data in their solutions, expressing excitement about the collaboration with TomTom. Mike Schoofs, Chief Revenue Officer at TomTom, highlighted their commitment to providing reliable location data to empower customers with actionable insights.
About TomTom:
TomTom is a global provider of location data and technology, serving drivers, carmakers, businesses, and developers. With headquarters in Amsterdam and a global workforce of 3,700 employees, TomTom has been shaping the future of mobility for over three decades.
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