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COPE Data

COPE data are the building blocks of underwriting and managing portfolio risk for the Insurance industry. Information about the makeup of properties, what types of businesses occupy them, and what exterior hazards impact each, are necessary to accurately rate the risks. BFUSA links all of these critical elements to individual building level accuracy. Completeness and quality of data are our priorities.

Construction

Over 150 variables such as Construction Type, Year Built, and Square Footage, from our data curation of building structures, assessor/real property, building permit and other sources. Clients are using the data to augment SOV’s where information is missing or unreliable. Additionally, use the data to prefill the underwriting workflow.

Occupancy

BFUSA is able to identify if a building structure is residential or commercial. We have data available for over 16-million businesses nationwide. Understand the type of business for each by SIC or NAICs codes, as well as other details such as hours of operation, number of employees, estimated revenue, primary contacts, number of businesses per building, and more.

Protection

Use building footprint data to ask key questions related to structure protection that informs risk analyses and decisions:
  • Distance to fire stations and hydrants
  • Proximity to city/town infrastructure and services
  • Types of structures that surround or are nearest to a specific building
  • Identification of multi-family residential, apartments/condos and commercial structures

Exposure

Man-made and natural hazards have an effect on each property. BFUSA collects key ground elevation data about each structure (min/max/average, building vertices) and first floor elevation. We have lists of hundreds of historical, modeled and predictive data elements that cover earthquakes, hurricanes, flood, wildfire, hail and many others. Combined with the precision of our building footprints, you are able to do hyper-accurate risk analysis. 

The Problem With Poor Quality COPE Data

  • Client submitted SOV’s are inherently unreliable – incomplete addressing, primary and secondary building attributes are sparsely populated and have questionable quality

  • Fill rates from current 3rd party COPE data providers are often poor, resulting in low confidence for use in an underwriting process/decision

  • Heavy reliance on physical inspections/surveys that are costly and not scalable

  • Under/overstated impact on Cat and loss estimates

  • Individual data components are available, but not delivered as data solutions

Ground Elevation

Ground Elevation

Address Data, Height Data, and Business Information all in one.

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Perimeter Ground Elevation

Perimeter Ground Elevation

Elevation level at each of the vertexes of our building footprints, creating a deeper analysis and better understanding of each building.

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Building Height

Building Height

Height data enhances your understanding of what is within each structure and takes your analysis from 2D to 3D.

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You can navigate back to the Physical and Property Characteristics page here.

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