TAMPA, Fla., May 1, 2025 — PGM Solutions, a leading provider of property and consumer data solutions for the insurance industry, has announced the latest data attribute to its Home Factors data platform: Electrical Sub-Panel Presence.
This newly released attribute offers insight into the electrical systems of residential properties, enabling carriers to more accurately assess risk and streamline underwriting decisions. Completed univariate analysis shows that the lack of an electrical sub-panel could imply a 5% higher loss ratio, likely driving up to a 20% increase in claims severity versus the portfolio.
With access to over 90% of U.S. properties, Home Factors combines interior and exterior condition data with unique home attributes and household insights to deliver a competitive edge in underwriting, pricing, and risk selection.
“Home Factors provides unique insights into both the interior and exterior of homes, with interior data that has never been available at scale before,” said Michelle Taves, VP and Group GM, Data and Marketing. “Adding electrical sub-panel presence to Home Factors gives insurers a deeper layer of intelligence to make more informed, confident underwriting decisions.”
About Home Factors
Home Factors, powered by PGM Solutions, delivers advanced property intelligence that gives insurers a clearer view of risk, inside and out. By combining exclusive access to over 90% of U.S. homebuyers with rich exterior and interior property attributes, Home Factors enables carriers, MGAs, and reinsurers to make faster, more precise underwriting and pricing decisions.
With insights into foundation condition, window condition, electrical systems, water intrusion, piping, and more, Home Factors provides the depth and clarity needed to lower loss ratios and drive profitable growth.
For more information, visit: https://HomeFactors.com or https://insurance.pgmsolutions.com.