Intermap is a trusted provider of flood hazard maps and analytics in the United States, Central and Eastern Europe and Southeast Asia. This collaboration augments both companies’ spatial intelligence capabilities and transforms risk assessment services, enabling insurers to make informed decisions, diversify portfolios and better manage natural hazard risks worldwide.
Expanded capabilities beyond flood risk include other natural perils such as extratropical storms, lightning, hail, tornado, wildfire, surge floods, earthquake hazards and volcano hazards. It also includes climate change-based hazard analytics, including sea level rise, drought stress, heat stress, precipitation stress, fire weather and tropical cyclones.
The Global Risk Analytics market size is estimated at USD 39.3 billion in 2022 and is expected to grow to USD 70.5 billion by 2027 with a CAGR of 12.4%. Intermap’s partnership with Twinn by Royal HaskoningDHV expands its dataset offerings in its risk analytics applications, InsitePro® and Aquarius RMA, enabling the Company to provide natural hazard and climate risk analytics on a global scale, extending market reach beyond its core U.S. and CEE customers.
“As the world faces more frequent or severe climate change-related weather events like flooding, droughts and storms, organizations are seeking innovative approaches to risk management,” said Mark Nunns, Twinn Head of Commercial, Financial Services.
“Leveraging our extensive climate risk modelling expertise, we’re enhancing our combined data and analytics to bring new capabilities to financial services firms. We are committed to growing our partnership, to deliver a market-leading, high-resolution, current and future day climate dataset, along with providing a trusted source for all physical climate risk datasets.”
“We are committed to enhancing our spatial intelligence capabilities to provide the insurance industry with critical, quality data,” said Patrick A. Blott, Intermap Chairman and CEO. “This new collaboration with our partner is a testament to our dedication to providing the global insurance industry with the most comprehensive and advanced flood, natural hazard and climate change data, empowering insurers with the data and insights they need to navigate the evolving challenges of natural perils and climate change.”
Intermap’s partnership with Twinn by Royal HaskoningDHV advances risk assessment capabilities for the insurance industry, empowering insurers to make data-driven decisions in the face of growing climate challenges and natural perils.
The Company’s InsitePro and Aquarius RMA risk assessment solutions provide underwriters, risk engineers, reinsurance specialists, claims adjusters, actuaries and methodologists with data and analytics to accurately assess a property’s risk level.
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