Last week saw the launch of a new comprehensive, high-resolution flood mapping system for emerging global markets, which aims to enhance insurance and reinsurance catastrophe risk management, reports Artemis. The system is by SSBN Flood Risk Solutions and ImageCat.
The new platform, which is available via inhance, the exposure data analysis and visualisation software from ImageCat, aims to “fill a gap in catastrophe risk management for re/insurers and businesses,” explained SSBN in the article.
“Re-insurers can now overlay these detailed flood maps over their risk locations in inhance, so they get a better understanding of risk selection and pricing, and identify their peak exposures in territories where they want to grow,” advised Gavin Lewis, Commercial Director at inhance.