DMTI Spatial and JBA Risk Management announced a partnership that will provide insurers and financial institutions with enhanced real-time risk information.
The partnership will enable JBA’s Flood Map of Canada to integrate into DMTI’s location economics platform, Location Hub. This information will support real-time flood risk analysis, portfolio accumulation risk analysis and the real-time visualization of the potential exposure to flood zones; key data of importance to those in risk management to allow them to better forecast exposure and mitigate risk.
Reflecting on the one year anniversary of Alberta’s 2013 super flood, Environment Canada recorded that over 100,000 people were affected, and the flood was Canada’s largest insured natural disaster totalling more than $1.74 billion in property damage.
A flood can cause catastrophic damage and Public Safety Canada has reported that floods are the most costly natural disasters in Canada in terms of property damage. Thus this partnership will be of great help to those who might be in harms way.
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This entry was posted on June 3, 2014 at 8:36 pm and is filed under Commentary with tags DMTI Spatial. You can follow any responses to this entry through the RSS 2.0 feed.
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DMTI Spatial and JBA Risk Management Announce Partnership
DMTI Spatial and JBA Risk Management announced a partnership that will provide insurers and financial institutions with enhanced real-time risk information.
The partnership will enable JBA’s Flood Map of Canada to integrate into DMTI’s location economics platform, Location Hub. This information will support real-time flood risk analysis, portfolio accumulation risk analysis and the real-time visualization of the potential exposure to flood zones; key data of importance to those in risk management to allow them to better forecast exposure and mitigate risk.
Reflecting on the one year anniversary of Alberta’s 2013 super flood, Environment Canada recorded that over 100,000 people were affected, and the flood was Canada’s largest insured natural disaster totalling more than $1.74 billion in property damage.
A flood can cause catastrophic damage and Public Safety Canada has reported that floods are the most costly natural disasters in Canada in terms of property damage. Thus this partnership will be of great help to those who might be in harms way.
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This entry was posted on June 3, 2014 at 8:36 pm and is filed under Commentary with tags DMTI Spatial. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.