Insurance Risk Management

Superior risk management applications (RMA) that enable more efficient underwriting, excellent risk management, and predictive reinsurance based on uniformly accurate digital elevation information

 Global Events Drive Use of Accurate Nationwide Elevation Information

The use of precise and uniform datasets in the insurance industry has never been more important. Recent events — worldwide and in Europe — demonstrate that the need for improved, geospatially accurate risk management products for the insurance industry is dramatically increasing:

• Flooding losses worldwide in 2007 totaled €51 billion, with an insurance loss of €20.4 billion
• Economic losses from Hurricane Kyrill (January 2007) totaled €6.8 billion, with an insured loss of €3.9 billion
• Worldwide, 2007 was the seventh-warmest year on record, and the second-warmest in the northern hemisphere

The massive economic costs associated with future flood and windstorm events can be managed through the use of precise digital elevation models (DEMs), including digital surface models, digital terrain models, and images such as orthorectified radar images, from Intermap Technologies. Digital elevation data enables highly accurate geo-coding and visualization, up-to-date risk assessment, significant portfolio analysis, and detailed exposure modeling. Contacts: Europe Ivo Bánovský ibanovsky@intermap.com +49 89 3090 7990 North America Harry Utter hutter@intermap.com +1 303 708-0955

Click on the links below to read case studies on Intermap data being used in risk management applications. 

• Cornerstone Engineering - Floodplain Mapping
• Santa Barbara County, CA - Floodplain Mapping