Geo-coding and property intelligence platform, Addresscloud, has partnered with flood risk analytics provider, JBA Risk Management, to map the flood risk of over 280 million buildings.

The new service is designed to help re/insurers and brokers to identify in less than a second the indicated flood risk at a building level across Europe using just an address.

Mark Varley, CEO at Addresscloud, commented: “We’ve been working closely with JBA for many years and rely on them to provide industry-leading flood data for properties across the UK and Ireland. Increasingly, our customers are asking for broader insights and need to access consistently accurate information for their risks across Europe. JBA and Addresscloud have worked together to develop a unique flood mapping and risk scoring service that spans Europe. We are also actively working on developing our platform to deliver insight on additional perils across Europe and the United States later this year.”

Erik Hoeppner, technical director at JBA, added: “We are delighted to provide our market-leading global flood data to inform Addresscloud’s popular and highly capable risk platform, giving clients more opportunity to access our flood risk intelligence. We especially welcome the platform’s capability of assessing risk by linking the analysis to the actual building outline rather than limiting the assessment to a simple location coordinate. This is a further step towards tailoring flood risk insight according to specific property characteristics and enhancing the usefulness of the data.”

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