Australian insurers look to GIS to better predict flood risk

03/27/2012 | (Australia)

Australia's insurance industry is turning to geospatial information services technology to better predict which areas are likely to flood. Esri's Simon Thompson has consulted with the industry to construct a flood model. Thanks to GIS, Thompson said, "[I]nsurance policies will carry equitable pricing, based on specific risk, and not subsidizing risky properties through higher premiums on everyone."

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