Stonehaven Technology attended the 2016 Flood Resilience Conference at the BRE National Centre for Resilience, in Watford, to discuss with Stakeholders the role of comprehensive enterprise information systems in managing flood and extreme weather risk.
The United Kingdom’s weather is changing with warmer winters and greater incidence of torrential rain in summer. The consequence is an increased number of flooding events and accompanying loss and damage, particularly to exposed, unprepared properties.
A core theme of the Resilience Conference was that property owners who identify and understand enduring risk, are most likely to have the necessary knowledge of actions to be taken to mitigate this risk. A further theme was that greater variance of weather creates a necessity to identify and track the dynamic risk from weather extremes, in particular torrential rain.
Stonehaven Technology will soon release a beta version of a free online application, ‘Floodsonline’ which will enable individual users to register up to three properties, identify the enduring risk of flooding and then understand evolving dynamic risk. In England alone, some 5.2 million properties are at risk of flooding. Every year organisations such as retailers suffer from the consequences of flood events, from rivers or seas or surface water, losing stock, revenue and inheriting significant repair cost.
Free Flood and Extreme Weather Risk Management Application soon to be launched
Stonehaven Technology visited ALS Media in the heart of the City of London to give a demonstration of "Guardian", the versatile Risk Management Enterprise Application and to discuss emerging technology trends and risk management requirements across the world of insurance. ALS Media is a dynamic media company covering the international insurance risk market and publishers of World Risk Insight and MAT Risk Insight.
After seeing Guardian, Jon Guy, Managing Director of ALS Media commented, "The sheer versatility provided by the integration of a range of data sources, intuitive interfaces and immediate presentation of critical information will undoubtedly prove to be very attractive to different economic sectors. The insurance industry are always pursuing better ways of both making use of and understanding a range of data sources. This application, Guardian, can meet many analytical and risk management requirements of companies and it will be very interesting to see which modules prove to have the greatest demand."
Guardian is a risk management enterprise application developed over a number of years by Stonehaven Technology and applicable to any company with a number of geographically dispersed assets.