How insurers harness GIS technology to manage risk

08/30/2011 | SmartBrief/SmartBlog on Leadership

Natural disaster risk varies by location, making the data-mapping capabilities of geographic information systems valuable to insurers, according to Willis Re's Nigel Davis. But companies looking to implement the technology should remember that there are no substitutes for quality employees and effective business processes. "Particularly for risk management, they need to be mindful of data quality, assumptions and uncertainties," he says.

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