ReinsurancePolicyholders turn to primary insurers to help mitigate the financial risk of disasters. In turn, primary insurers turn to reinsurers to help manage the risk of potentially catastrophic financial losses that can occur in the wake of floods, fires, earthquakes, volcanoes, tornadoes, accidents, and terrorism.
Reinsurers turn to GIS as a critical tool in helping them perform risk assessment. Data about natural hazards and catastrophes are mapped using GIS to analyze and determine trends in the insurance industry. Damages are assessed and modeled to help the reinsurer predict the results of future events, thus providing more accurate underwriting. Using geodata helps insurers make better decisions and has given them the means to show results. Case Study
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