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Maplecroft’s Natural Hazards Risk Atlas wins Most Innovative Product of the Year at the Business Continuity Awards

Maplecroft’s Natural Hazards Risk Atlas wins Most Innovative Product of the Year at the Business Continuity Awards

Following on from Maplecroft’s recent success at the European Risk Management Awards, the company’s outstanding work in delivering cutting-edge risk management and supply chain solutions has been recognised once again at the 2012 Business Continuity Awards.

Maplecroft’s beat off stiff competition to scoop Most Innovative Product of the Year at the prestigious awards last night, which were held at the Hilton Hotel, Park Lane in London.

The Business Continuity Awards, which are hosted by Continuity, Insurance & Risk (CIR) Magazine, recognise companies and professionals working in the field of business continuity, security, resilience and risk, whose “innovative strategies and industry savvy make them stand out above the rest.”

“I am delighted that Maplecroft’s Natural Hazards Risk Atlas has been recognised by the CIR Magazine,” says Maplecroft’s Head of Maps and Indices Helen Hodge. “As recent events, such as the Thai floods and the devastating Japanese tsunami demonstrate, an understanding of natural hazard risk and the resilience to those hazards is vital to ensuring business continuity.”

Maplecroft's Drought Risk Index

Subnational maps of natural hazards provide granular detail of site-specific risks to operations and investments

Features of the Natural Hazards Risk Atlas which contributed towards the award include global risk indices and interactive subnational maps of 12 natural hazard risks, as well as scorecards for 196 countries. In addition, the Atlas also measures countries’ overall economic exposure and socio-economic resilience to natural hazards.

The judges noted that they were impressed by Maplecroft’s depth of analysis, strength of data and quality of maps.

Maplecroft is particularly proud of its work with the humanitarian community on building frameworks for understanding natural disasters. Maplecroft’s models evaluating population exposure to key natural hazards and combining these with a robust quantitative evaluation of resilience have been adopted by key international agencies to understand and prepare for disaster risk.

The Natural Hazards Risk Atlas was developed to combine expert quantitative analysis and sub-national mapping to enable organisations to identify and monitor risks to operations, investments and assets down to site-specific levels worldwide. By measuring the economic exposure and socio-economic resilience of countries, businesses can also gain a broader understanding of total natural hazards threats and of potential risks and costs to their operations and business.

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