In my recent posts, I have covered how deploying mapping solutions could be useful to organizations - for Supply Chain Management & Location Selection purposes in particular. In this post, I intend to demonstrate how Property Insurance companies can identify, manage & monitor the 'Environmental risk' affecting their portfolio using mapping technology. Without delving into the theory of Risk Management, let me explain the context of the 2-minute case video below -
An Insurer based in USA wishes to manage its Property Insurance liability in the state of Florida. Just as West Bengal & Orissa are prone to cyclonic storms in India, Florida is much exposed to hurricane activity in USA. Since hurricanes routinely inflict damage to property, it would be advantageous for the insurer to minimize the risk of payout to policy holders arising out of resulting damage claims by tweaking its insurance rates based on the risk-probability as determined by the risk scores.
See how mapping technology (GIS) helps with this workflow :
Case Video: Assessing Property Risk from Hurricanes & resulting Flooding using GIS technology. Prepared using dataset and tutorial sourced from Esri's Location Advantage training
One misconception about Mapping Technology is that it can be useful only when the problem statement entails the use of earth observation data. This is far from the truth - see the video below which elaborates how Bengaluru Smart City uses Location Intelligence to segregate Coronavirus containment centres in the city, thereby reducing the health risk for its residents:
Isn't this useful?
Geographic Information System (Advanced Mapping Technology Platform) can manage, query & visualize datasets on a map to generate meaningful insights. Businesses can track their assets, Law enforcement agencies can monitor crime, and Institutions can assess risk arising out of political uncertainties. Location Intelligence is invaluable in so many ways, even to your organization, if you were to think about it.
ABOUT US
Intelloc Mapping Services | Mapmyops.com is based in Kolkata, India and engages in providing Mapping solutions that can be integrated with Operations Planning, Design and Audit workflows. These include but are not limited to - Drone Services, Subsurface Mapping Services, Location Analytics & App Development, Supply Chain Services & Remote Sensing Services. The services can be rendered pan-India, some even globally, and will aid an organization to meet its stated objectives especially pertaining to Operational Excellence, Cost Reduction, Sustainability and Growth.
Broadly, our area of expertise can be split into two categories - Geographic Mapping and Operations Mapping. The Infographic below highlights our capabilities.
Our 'Mapping for Operations'-themed workflow demonstrations can be accessed from the firm's Website / YouTube Channel and an overview can be obtained from this flyer. Happy to address queries and respond to documented requirements. Custom Demonstration, Training & Trials are facilitated only on a paid-basis. Looking forward to being of service.
Regards,