"Understanding the impact of natural disasters such as catastrophic flooding is a complex issue. Many of our customers are challenged with the delicate issue of identifying and mitigating their total risk and exposure within their existing portfolio," said
The combined JBA and DMTI offering, provides not only the insurance and financial services industries with detailed Canadian flood data to assist in determining the potential risk and exposure of floods to their portfolios, but is also beneficial to other industries such as retail and telecommunications. Using this information companies can facilitate:
Risk Mitigation: Improve the real-time underwriting and rating of insurance applications through more precise knowledge of the risk of the proximity of the property to a flood zone. Enhance real-time mortgage adjudication processes, speed time to decision and reduce manual intervention with enhanced insight into the precise location of the property as it relates to a flood zone.
Risk Analysis: Validate capital adequacy requirements and better understand and reduce exposure by being able to assess the total accumulated risk to a portfolio as it relates to proximity within flood plains.
Site Planning: Enhance infrastructure and site planning analysis by understanding the potential risk of flood before deployment.
Emergency Preparedness: Proactively build emergency preparedness plans to maintain business continuity by understanding when key infrastructures could be impacted by flooding.
"We have always championed collaborations and partnerships that are designed to give clients better access to our data," said
Keywords for this news article include: Software, Emergency Preparedness.
Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC
SEPTEMBER 2, 2014
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