Risk Assessment

Appears in the issue.

Pitney Bowes MapInfo of Troy, New York, and London-based Exclusive Analysis have worked together to create TerrorRisk, a terrorism risk assessment tool for the insurance industry. The product combines Exclusive Analysis terrorism forecasting expertise with MapInfo’s location intelligence. It uses fact-based, location-specific metrics to score  the likely severity of violent risks to more than 3,700 global points of interest, giving insurers and risk managers information for more insightful underwriting, rating, and risk-selection decisions. Users can evaluate terrorism risk exposures by building, across target types, and by political or geographical boundaries. Easily integrated into existing analytical work suites, the tool enables insurers to carry out terrorism exposure location analytics, portfolio risk management, risk proximity analysis, and street-level terrorism risk assessment.

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