Insurance solutions: Understand the impact of climate change and risk assess new ventures 

Major insurers are using our location-based solutions to improve business performance. Dynamic maps and dashboards provide new insight into risk and assets, while enhancing the claims process. Unlock a new source of competitive advantage.

Climate change - impact assessment

Identify the likelihood of increased claims due to climate change, using models created with or enhanced by spatial analysis, enabling you to determine the required capital reserves. Spatial analysis allows you to model:

  • The potential impact of global warming on sea level change

  • The extent to which climate change may affects return periods
  • Location specific links between extreme events and increased claims
  • The impact of these factors on policy pricing
Learn more by reading our Location Analytics white paper...

Risk assessment for new ventures

Risk assessment in support of new ventures has taken place since the early days of the Lloyds insurance market.

The spirit persists today as the insurance industry invests in new data and Location Analytics technology to work alongside entrepreneurs and technology pioneers to open up new markets and locations for:
  • Sustainable energy 
  • Sustainable food production and aqua-culture
  • Solutions to improve air and water quality
Learn more by reading our Location Analytics white paper...

Extend operations into new territories

For many insurers growth in underwriting income can only be achieved by extending operations into new territories. As the global economy grows, manufacturers and financiers alike require adequate cover to be in place before investing in frontier markets. 
For insurers to achieve sustainable growth the risks need to be understood, and this means collecting and collating risk data to create a clear picture of potential exposure. 
Assembling and analysing location specific risk assessment data, identifying gaps in coverage and modelling risk enables policies to be priced effectively. 

Understanding sustainability of the supply chain

Increased dependence upon outsourced manufacturing and global suppliers can result in dislocated supply chains. Examples include:
  • Severe disruption to the launch of a new mobile phone following a fire in a Mexican factory  
  • The impact of the Japanese tsunami and Fukushima nuclear disasters on the shipment of vehicle components
  • A 50% reduction in the availability of computer chips in the wake of flooding in Thailand.
Understanding the risks inherent in the structure and performance of supply chains is a major growth area for the insurance industry

Mapping the way to better business decisions

Read this expert insight article from the Sunday Telegraph Business Reporter Risk Supplement, published in September 2013:

Location Analytics

Read our whitepaper to discover how Location Analytics - the integration of Business Intelligence and GIS - is creating a platform for success in the Insurance Industry.