Troy, USA, July 31, 2007: Pitney Bowes MapInfo, provider of location intelligence, announced an alliance with Exclusive Analysis, a strategic intelligence company that forecasts violent and political risk worldwide. Together the companies provide insurers with TerrorRisk, a unique and powerful terrorism risk assessment model and data set. TerrorRisk utilizes fact-based, location-specific metrics developed by Exclusive Analysis to score the propensity and likely severity of violent and political risks on more than 3,700 global points of interest. Armed with this insight and the location intelligent capabilities delivered by Pitney Bowes MapInfo technology, insurers and risk managers are able to make more insightful underwriting, rating, coverage and risk selection decisions.
The global TerrorRisk database provides insurers and risk managers with new 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.
TerrorRisk delivers terrorism risk analysis, classifying targets by name, address and target class. The data includes locations considered by Exclusive Analysis as the most likely terror targets based on previous patterns of attacks, both against individual buildings and more than 40 discrete target classes, analysis of terror groups and their capabilities, and targeting priorities, and the value of a building as a potential target. When used in conjunction with Pitney Bowes MapInfo location intelligence solutions, such as the Risk Data Suite, MapMarker Plus and ParcelPrecision geocoding, and analysis platforms such as MapInfo Professional or Envinsa, TerrorRisk provides insurers with the most flexible risk analytics solution on the market.
“Location is one of the most critical elements in assessing risk and aligning with 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 of Pitney Bowes MapInfo.