New York - With location-specific terrorism risk exposure data, TerrorRisk is a unique risk assessment model that provides the insurance industry with targeted and actionable terrorism risk forecasts to help maximize opportunities and mitigate risk. Developed by New York-based Pitney Bowes MapInfo and Exclusive Analysis, TerrorRisk utilizes fact-based, location-specific metrics to score the propensity and likely severity of violent and political risks on more than 3,700 global points of interest to help insurers and risk managers make more insightful underwriting, rating, coverage and risk selection decisions.
TerrorRisk is designed to provide forward-looking 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 that insurers can use for terrorism exposure location analytics, portfolio risk management, risk proximity analysis and street-level terrorism risk assessment. When used in conjunction with location intelligence solutions TerrorRisk provides insurers with a flexible risk analytics solution.
"Location is one of the most critical elements in assessing risk and aligning with London-based 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," said 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 ERM (Enterprise Risk Management) programs."
Source: MapInfo Pitney Bowes
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