Risk management

Risk Managers need to understand and manage the risks their organisation is exposed to. In certain instances, it’s also required by law.

Whether it is perils (flood, fire), health and safety risk assessment or critical infrastructure analysis, as a manager you need a framework to help you identify, assess, analyse, prioritise and manage risks.

Managing your business risk

Whether you work in a private business or government our geographic data can help you manage risk more effectively:

Within local government, fire and rescue services produce an Integrated Risk Management Plan with detailed analyses of previous incidents, in order to assess potential fire risks for more effective and efficient allocation of resources.

Within central government, our data is used to determine flood risk and defence in the national assessment of flood risk for England produced by the Environment Agency^®.

For utilities companies, managing detailed information on the location, character and risk profile of utility assets is not just good commercial sense – it is a regulatory requirement and an essential first step for contingency planning, emergency response and minimising the potential impact on services.

Within the banking, finance and insurance sectors, our range of products can help manage operational risk. Whether it be regulation (Basel II or Solvency II), catastrophic events (such as Buncefield or major flooding), or the management of your organisations’ risk accumulation, our data can help banks or insurers assess risk accurately.

Within the land and property sector, the use of our data is used for the planning of large-scale civil engineering projects, such as, bridges or tunnels. Risk assessments are produced to help identify and mitigate the risks likely to be encountered, before, during and after construction of a project.