20 August 2017
visit www.avoka.com

Norwich Union commissions digital map to pinpoint flood risk

15 March 2002  |  2569 views  |  0 Norwich Union commissions digital map to pinpoint flood risk

Norwich Union has commissioned a new digital map of Britain to help pinpoint and understand exactly which areas of the country are at risk from river flooding.

The map, the largest ever undertaken in Britain, will be used to provide more accurate premiums for individual homes and businesses according to their risk of flood, says the insurance firm.

Norwich Union has partnered Intermap Technologies Corporation, Willis and HR Wallingford to undertake the project. Data for the map will be collected by an airborne radar system, which will then be used to produce a digital elevation model map showing the height of the ground above sea level. This will then be combined with a flood software model to produce information on where floods are likely to occur, how they can spread and how far they can extend.

Mapping of the country has already started and is taking place by region, with initial data being collected at either 28,000 or 20,000 feet, depending on the density of the population in the area.

Clive Bolton, director of pricing for Norwich Union Insurance says: "One of the major obstacles to better flood prediction has been the lack of consistently accurate information on the height of land surrounding rivers. By investing in this technology, we'll have the best available information about the risk of flood for insurance purposes."

According to Norwich Union, changes to premiums will come into force later this year, following collection and analysis of the initial mapping data.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Norwich Union Web-enables broker policy admin

Norwich Union Web-enables broker policy admin

15 March 2002  |  2174 views  |  0 comments
Norwich Union to pilot in-car insurance black box

Norwich Union to pilot in-car insurance black box

20 February 2002  |  4337 views  |  0 comments
Norwich Union Web-enables IFA term assurance applications

Norwich Union Web-enables IFA term assurance applications

18 February 2002  |  3041 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.response.ncr.comdownload the paper nowvisit www.niceactimize.com

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
9513 views comments | 23 tweets | 23 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
8064 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
7630 views comments | 10 tweets | 7 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
7239 views 0 | 2 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
6816 views comments | 14 tweets | 13 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job