A fundamental part of our strategy is the provision of cutting-edge risk information about each market we enter with a country risk assessment and continuous data maintenance. This is offered within a risk management module in the backend of the system.
Accuratek’s risk assessment module and tools allow insurance companies to support risk analysis and underwriting for a selected geolocation and to evaluate the overall risk which should be factored into insurance pricing. The module includes risk data synthesised from:
Comprehensive risk assessment parameters and metrics related to natural hazards and Disaster Risk Reduction (DRR)
Detailed comprehensive economic analysis of multiple impact scenarios that supersedes current insurance industry models
Country capacity assessment to deal with exposure to natural hazards
Economic impact analysis across multiple business sectors and geographical areas
Identified priority areas of exposure