With these new, highly accurate risk maps – built using high precision LiDAR Terrain – insurance companies will be better equipped to address current challenges; understand how climate change is predicted to impact flood risk in the future; and therefore reduce their risk profiles and better manage policy accumulations with more in-depth insights. Such information is also useful for the financial sector and mortgage providers, as well as utility companies and local governments.
Speaking about the partnership between Gamma and Ambiental Risk Analytics – a company of Royal HaskoningDHV – Richard Garry, Chief Commercial Officer, Gamma, said: “Gamma is delighted to partner with Ambiental Risk Analytics and we look forward to enhancing our already extensive portfolio of risk data and in doing so, providing more choice to our customers.
“The insurance sector in particular is demanding more efficient and effective ways to access data, visualise risks and rapidly analyse accumulations. We are meeting that need with our Perilfinder™ platform, in which we have invested £1.8M to date. By improving this solution and continually establishing new data partnerships, we can deliver the most accurate data available, in light of an ever-changing risk landscape, to our clients.”