The insurance companies would love to derisk their loan book by knowing true risk for each policy they provide. By having flood maps they can do this. Nearmap have the capability and currently do terrain mapping that provide topograhical infomation about the land contours. This info can then represent area prone to flooding, hence risk to insurance companys. Info is power. Nearmap have that power, however in the end it will come down to cost to the government and lets hope Ipernica is chosen.
SynQuasi
IPR Price at posting:
10.0¢ Sentiment: LT Buy Disclosure: Held
