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Writer's pictureArpit Shah

Mapping Solutions for Insurance Sector - Assessing Risk to Property from Cyclonic Storms

Updated: Oct 25

In my recent posts, I have covered how deploying Mapping Solutions could be useful to organizations; for Supply Chain Management & Location Selection purposes in particular. In this post, I intend to demonstrate how Property Insurers can identify, manage & monitor the 'Environmental Risk' affecting their Customer portfolio using advanced Mapping Technology. Without delving into the theory of Risk Management, let me explain the context of the 2-minute Case video below -


A Property Insurer in USA wishes to assess and manage its Claims liability in the state of Florida. Just as West Bengal & Orissa are prone to cyclonic storms in India, the state of Florida is often ravaged by hurricanes in USA. Since hurricanes inflict damage to property, it would be advantageous for the insurer to raise the premiums for those customers who have the highest environment risk probability for their real estate locations in Florida.


See how Mapping Technology (GIS) assists in this context-

Case Video: Assessing Property Risk from Hurricanes & resulting Flooding using GIS technology. Prepared using dataset and tutorial sourced from Esri's Location Advantage training


 

Lest you have the misconception that GIS platforms are only useful only when the problem statement entails the exploitation of Earth Observation data, please know that this is far from reality - see the video below which elaborates how Bengaluru Smart City Authority in India uses Location Intelligence to segregate Coronavirus containment centres in the city, thereby reducing the health risk for its residents - this is done using the resident health data.


Isn't this useful?

Geographic Information System (Advanced Mapping Technology Platform) can manage, query & visualize Geodatasets on a map to generate meaningful insights. Businesses can track their assets, Law enforcement agencies can monitor Crime, and Governments can assess Risk arising out of political uncertainties. Location Intelligence is invaluable in numerous ways, potentially even to your organization.
 

ABOUT US


Intelloc Mapping Services | Mapmyops.com is based in Kolkata, India and engages in providing Mapping solutions that can be integrated with Operations Planning, Design and Audit workflows. These include but are not limited to - Drone ServicesSubsurface Mapping ServicesLocation Analytics & App DevelopmentSupply Chain ServicesRemote Sensing Services and Wastewater Treatment. The services can be rendered pan-India, some even globally, and will aid an organization to meet its stated objectives especially pertaining to Operational Excellence, Cost Reduction, Sustainability and Growth.


Broadly, our 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 flyer. 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,

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