Risk Managers need to understand and manage the risks to which their organisation is exposed. In many industries, a robust framework is also required by law.
Whether natural, man-made or behavioural, our geographic data provides a framework that enables you to identify, assess, analyse, prioritise and manage your risks.
In 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.
Our data is used by central government 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.