Partnership between ImageCat and Global Earthquake Model (GEM) Provides Effective Access to Global GEM Hazard and Seismic Hazard Information | News

LOS ANGELES, November 1, 2021 /PRNewswire-PRWeb/ — The ImageCat and Global Earthquake Model (GEM) partnership provides efficient access to global GEM seismic hazard information through multiple risk management decision support platforms from ImageCat Inhance® and FACFinder™. Global seismic risk and risk modeling products are already available in these platforms and provide geospatial information layers for insurance and risk management clients to quickly assess relative earthquake risk.

“GEM is keen to start a new chapter of partnering with ImageCat in mutually providing risk, exposure and risk information to support the global risk and disaster management needs of our partners and customers,” said John Schneider, General Secretary of GEM. “We have already collaborated successfully on many projects over the past decade, so this partnership is the next logical step in developing our relationship.”

“GEM provides global seismic risk data and risk products that are essential to our insurance platform customers involved in disaster risk management, reducing economic losses and saving human lives,” said Chuparup Ghosh. “Through this partnership, we are able to provide access to high-quality earthquake and hazard risk data.”

ImageCat’s flagship exposure product, Inhance®, is a leading solution to exposure data problems and provides a suite of analysis tools to help (re)insurance, manage agents and general brokers in visualizing their property exposures for completeness, accuracy, and suitability.

FACFinder™ is an exposure aggregation and risk mapping platform for optional underwriters that allows them to monitor exposure aggregation and perform better risk analysis. It provides a quick and simple way to identify existing risk locations and their exposure to risks and allows them to understand the effects of adding new optional locations to their business book.

To learn more about how GEM seismic hazard data can help your business, please join the Inhance Global Data Partner web-based technical tutorial by registering here: https://us06web.zoom.us/webinar/register/WN_fp1i8QIqQ9SryMAMJi0WkA

About GEM: GEM is a global public-private partnership and non-profit organization headquartered in Pavia, Italy. GEM develops and publishes open data, models, and tools for earthquake risk assessment and earthquake resilience worldwide. The GEM modeling platform, OpenQuake is widely used by academics, the financial/insurance sector, engineers and governments for earthquake risk and earthquake modeling applications.

About ImageCat: ImageCat is an international risk management innovation company that supports the global risk and disaster management needs of the insurance industry, governments and NGOs. As a leading provider of risk and disaster management technologies, ImageCat is highly regarded for products, services, and research and development activities, which target decision support needs throughout the disaster management cycle.

ImageCat and GEM recently worked with six other organizations on the recently completed METEOR project providing exposure data for nearly 50 countries, and protocols and standards for exposure data collection and analysis with the aim of helping developing countries bridge the knowledge gap in the formulation of disaster risk management strategy.

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