TomTom announced its location data has been selected by Moody's, a global, integrated risk assessment firm that empowers organizations to make better decisions, using its data, analytical solutions and insights. Moody's now incorporates TomTom's data into Moody's Insurance Geocoder, using precise location information to improve the accuracy and relevance of geocoding analyses across multiple workflows. By combining TomTom's highly accurate location data with Moody's modeling capabilities and applications, Moody's Insurance Geocoder empowers organizations across the insurance, financial, real estate, and adjacent domains reliant on accurate geospatial data with better insights to manage risk, reduce uncertainty, and improve decision-making.

For insurers responding to high-risk events like floods, storm surges, and wildfires, using accurate geocoding specifically designed for insurance purposes is vital, and TomTom's rich and fresh location data allows Moody's to create the most fit-for-purpose insurance geospatial reference. Among the many use cases, Moody's Insurance Geocoding can provide a home insurance company with precise geocoding to assess the exposure of each property to natural disasters, enabling it to set appropriate premiums and manage its overall portfolio effectively.