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GeoPlace™ and Ordnance Survey launch AddressBase
The new addressing products are created by GeoPlace LLP, a joint venture between Ordnance Survey and the Local Government Group. A combination of the best parts of the Local Government Group’s National Land and Property Gazetteer (NLPG) and Ordnance Survey’s OS MasterMap® Address Layer products and the Royal Mail® Postcode Address File (PAF®) creates a single definitive source of spatial address and property information database for Great Britain (England and Wales initially with Scotland being included in 2012).
Each of the new products, derived from this definitive address database, provides enhanced levels of detail, see below.
Provides a current view and precise location of Royal Mail postcode addresses.
Adds 2 million properties in addition to geographic addresses that do not receive post (for example, electricity substations).
Adds historic information on a further 2 million addresses.
Insurers and banks using AddressBase will find the inclusion of the Unique Property Reference Number (UPRN), which is allocated to every property by local government, enables easier identification of new builds; previously financial services organisations have found such properties difficult to locate.
In addition, by using AddressBase Plus, the extra 2 million properties that are not postal addresses will aid commercial property insurers in locating, for example, large industrial sites and sports pavilions.
Counter-fraud/financial crime professionals using AddressBase Premium will also be able to immediately spot bogus addresses by checking against the alias addresses available, for example, Rose Cottage, Lackford Avenue and 60, Lackford Avenue are the same property and also track changes in property usage by seeing whether Council Tax or Non-Domestic Rates are payable at the property. The ability to understand historical use of a property is a very useful development for insurers from both an underwriting and claims perspective, for example:
Pacific Bar and Grill – 320 Goldhawk Road,
London W6 0XF
Was Queen of England
Grand Union – 243 Goldhawk Road, London W12 8EU
Was Seven Stars
Was The Mulberry