Today Astrium launches the TerraSure Services range for the insurance market, delivering easy access to affordable decision support information through a dedicated online portal. Operated as a secure web service, the TerraSure Services enable professionals to gain access to flood and subsidence risk rating both at an individual property level and across their whole portfolio. Users are charged on the basis of the information displayed, giving businesses efficient access to data from anywhere in the country as and when it is needed. Leading British insurers are now reaping the benefits of using spatial risk assessment in the actuarial and underwriting functions, particularly to assess flood and subsidence exposure across their commercial and residential property portfolios. Loss adjusters have long recognised the communication power of a map. However, for smaller insurers and claims management companies, the investment necessary to provide access to large scale national datasets and desktop software applications is simply not viable. With their reliance on historical information and past experience, insurers are ignoring the impact of a changing climate reshaping our landscape, resulting in new opportunities as well as increasing risks. Read More
