GRiP, the South African Spatial Technology and Data specialist serving the insurance market, has teamed up with JBA Risk Management to provide its customers with access to the very latest flood risk intelligence across Africa. The move will provide insurers using GRiP’s platform with valuable insights on flood risk to support their underwriting operations across both personal and commercial lines.
The deal with UK-based flood scientists JBA Risk Management will enable users of GRiP’s platform to access flood depths and extents, flood scores and pricing data for current and future climate scenarios, all via API. The GRiP Technology Platform is compatible and interoperable with the main on-platform and off-platform systems used by insurers and their intermediaries respectively and is also offered as a web service.
This is the first time flood intelligence at this level will be available on the GRiP platform which already provides insurers with data and insights on risk and accumulations thereof across a comprehensive range of natural and man-made perils or hazards.
Understanding Flood Risk can be a complex process. South Africa has a highly complex climate system with a rich and fascinating topography. The amount of information out there can be overwhelming. The collaboration between JBA and GRiP will help insurers across Africa to simplify this complexity and be able to better understand and assess flood risk. JBA Risk Management provides world-leading flood risk insight, and the data is a very fitting and timely addition to the Spatial Technology Solutions provided by GRiP to the insurance sector across Africa.
Making good quality, useful flood risk intelligence easily accessible has always been important for JBA. We are delighted that our detailed flood risk data will soon be available to GRiP customers across the South African Development Community (SADC) to help users understand and manage flood risk more effectively.
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About GRiP
GRiP is a specialist Geographic Information and Technology Systems Company that focuses on the Geo-graphic Information Systems (GIS) Technology and Data needs of insurance companies operating on the African continent. The business was established in 2011 and has established a trusting customer base across the insurance sector in Africa. GRiP supports the short-term insurance sector with web based or locally integrated access to location and risk information. This includes automated address validation and geo-coding, as well as understanding of the risks presented by nearby perils and hazards, as well as accumulations. The company has developed its own GRiP GIS Technology Platform with skilled GIS IT individuals. The technology is compatible and interoperable with the main on-platform and off-platform systems used by insurers and their intermediaries and is currently in use across many of the continent’s insurers.
