MapInfo Corporation announced the availability of RiskDataInfo, a comprehensive data set of weather and natural hazards for its Insurance Decision Solution Suite (IDSS), the company’s insurance visualization solution. Now, insurance companies and reinsurers can visually analyze and consider the potential impact of weather and other natural hazards in relation to a specific location. RiskDataInfo allows insurance carriers and reinsurers to consider comprehensive historical data on hail storms, hurricanes, earthquakes, tornados and wind storms, to make more informed decisions on risk exposure, allowing reduced costs and enhanced profitability. MapInfo will be demonstrating RiskDataInfo at the ACORD and Insurance & Technology Insurance Standards Leadership Forum (ISLF) which is being held in Chicago.
With MapInfo’s IDSS and RiskDataInfo, insurance carriers can create their own “what-if scenarios” to forecast and analyze potential risk from the impact of an earthquake or weather-related event such as a hurricane or tornado. IDSS coupled with this historical weather and disaster-related data, enables insurance carriers to make informed, cost-effective decisions based on knowledge of past incidents.