GRiP has partnered with JBA Risk Management to offer customers access to the latest flood risk intelligence across Africa.
This collaboration will provide insurers using GRiP’s platform with valuable flood risk insights to enhance their underwriting for both personal and commercial insurance.
Users of GRiP’s platform will gain access to data on flood depths, extents, risk scores, and pricing for current and future climate scenarios, all via API.
The GRiP Technology Platform integrates seamlessly with primary systems used by insurers and their intermediaries, and it is also available as a web service.
This marks the first time such detailed flood intelligence will be available on the GRiP platform, which already offers comprehensive data and insights on various natural and man-made risks.
Bradford Lubbe, Managing Director at GRiP, explains, “Understanding Flood Risk can be a complex process. South Africa has a highly complex climate system with a rich and fascinating topography. The amount of information out there can be overwhelming.
“The collaboration between JBA and GRiP will help insurers across Africa to simplify this complexity and be able to better understand and assess flood risk.
“JBA Risk Management provides world-leading flood risk insight, and the data is a very fitting and timely addition to the Spatial Technology Solutions provided by GRiP to the insurance sector across Africa.”
Haydn Marchant, Re/insurance Specialist at JBA Risk Management, added, “Making good quality, useful flood risk intelligence easily accessible has always been important for JBA. We are delighted that our detailed flood risk data will soon be available to GRiP customers across the South African Development Community (SADC) to help users understand and manage flood risk more effectively.”
