Guy Carpenter has developed a database of industrial parks across Asia to help clients identify and evaluate potential risks in the region.
The new facility, which takes in industrial parks in China, Taiwan, Thailand and Indonesia, uses digitised boundaries and gives access to maps through i-aXs, the firm’s exposure visualisation and portfolio management platform.
Using i-aXs, re/insurers can evaluate their concentration of risk within a single industrial estate alongside the risks associated with natural perils impacting those areas.
In addition, the database maintains a list of all the companies operating in the various parks, as well as their supplier information and type of industry, where available.
Guy Carpenter’s chief executive officer Asia Pacific, James Nash, comments: “One of the critical lessons learned from the Thailand flood is not only the enormous potential for property loss if a large industrial park is impacted by a catastrophe, but also the ripple effect of business interruption and contingent business interruption losses arising from shutting down key manufacturing locations.”
Category: Business Insurance News, Companies News, Insurance News
