Blog: Managing commercial property risks - the role of data visualisation
When physician John Snow was trying to identify the source and path of cholera outbreaks in London, he plotted outbreaks on a map of the city to establish how the disease was spreading. Richie Toomey, senior manager for commercial insurance at Lexis Nexis Risk Solutions argues as reliable as mapping such simple data was, for risk managers today the issue centres on the sheer volumes of data they need to understand.
In a five-part analysis of the future of the risk management profession, the Association of Insurance and Risk Managers acknowledged that the risk and insurance industry is embracing new data and
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