Pitney Bowes MapInfo, a location intelligence provider, has announced an alliance with Exclusive Analysis, a strategic intelligence company that forecasts violent and political risk worldwide. Together the companies provide insurers with HYPERLINK "http://goto.mapinfo.com/TR/" TerrorRisk, a terrorism risk assessment model and data set. TerrorRisk utilizes fact-based, location-specific metrics developed by Exclusive Analysis to score the propensity and likely severity of violent and political risks on more than 3,700 global points of interest. Armed with this insight and location intelligence technology, insurers and risk managers are able to make underwriting, rating, coverage, and risk selection decisions.
The global TerrorRisk database offers insurers new analysis and insight into geographic terror risk exposures that can be evaluated on a building-by-building basis, across target types or by desired political or geographical boundaries--such as city, country, or postal code. TerrorRisk contains global intelligence about thousands of specific terror risk target locations insurers can use for terrorism exposure location analytics, portfolio risk management, risk proximity analysis, and street-level terrorism risk assessment.
"Location is one of the most critical elements in assessing risk, and aligning with Exclusive Analysis enables us to provide insurance companies with an additional trusted analysis solution to help determine the probability and severity of losses. Potential terrorist attacks have become an increasingly important risk factor for our clients and the global insurance industry," says Craig Bedell, director of global insurance for Pitney Bowes MapInfo. "TerrorRisk adds another critical data set to our rapidly growing portfolio of location intelligence solutions. Risk managers from financial institutions, manufacturers, and global retailers are interested in utilizing TerrorRisk as an attribute of their enterprise risk management programs."
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.