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Assessing Claims Risk for Property Damage from Cyclones

Writer's picture: Arpit ShahArpit Shah

Updated: 4 days ago

In my recent posts, I have demonstrated how deploying Mapping Technology can be useful for Logistics Planning and for Shortlisting Suitable Locations purposes. In this post, I will add another workflow to the list - how Property Insurers can assess the Environmental Risk affecting their portfolio. Without delving into the theory of Risk Management, let me share the context of the 2-minute demonstration enclosed below.


A Property Insurer wishes to assess its Claims liability from its customer portfolio in the state of Florida in USA. Just as West Bengal and Orissa in India are prone to Cyclones, Florida is also routinely ravaged by the same, albeit known by a different name - Hurricanes. Since such tropical storms inflict significant damage to property, it would be beneficial for the insurer to raise the insurance premiums for those customers whose property insured has the highest risk of being damaged by Hurricanes in the future.


See how Mapping Technology assists in this addressing this objective-

Video 1: Assessing Claims Risk from prospective Property Damage by Hurricanes using Mapping technology (GIS). Demonstration prepared using tutorial in Esri's Location Advantage MOOC
 

Sharing a recent, real-life example of the utility of Mapping Technology for Risk Management purposes - Bengaluru Smart City Authority in India preempting the risk from the pandemic for its residents and deployed Geographic Information System (GIS) it to segregate Coronavirus containment centres in the city-


Isn't this useful?

Geographic Information System can store, analyze & visualize Location Datasets and generate meaningful insights for the user. Businesses can track their Assets, Law Enforcement agencies can monitor Crime, and Governments can assess Risk arising out of political uncertainties. Location Intelligence for Risk Management purposes is invaluable, potentially even to your organization.
 

ABOUT US


Intelloc Mapping Services, Kolkata | Mapmyops.com offers Mapping services that can be integrated with Operations Planning, Design and Audit workflows. These include but are not limited to Drone Services, Subsurface Mapping Services, Location Analytics & App Development, Supply Chain Services, Remote Sensing Services and Wastewater Treatment. The services can be rendered pan-India and will aid your organization to meet its stated objectives pertaining to Operational Excellence, Sustainability and Growth.


Broadly, the firm's area of expertise can be split into two categories - Geographic Mapping and Operations Mapping. The Infographic below highlights our capabilities-

Mapmyops (Intelloc Mapping Services) - Range of Capabilities and Problem Statements that we can help address
Mapmyops (Intelloc Mapping Services) - Range of Capabilities and Problem Statements that we can help address

Our Mapping for Operations-themed workflow demonstrations can be accessed from the firm's Website / YouTube Channel and an overview can be obtained from this brochure. Happy to address queries and respond to documented requirements. Custom Demonstration, Training & Trials are facilitated only on a paid-basis. Looking forward to being of service.


Regards,

Mapmyops I Intelloc Mapping Services

Mapmyops
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