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March 13th, 2013
UK Georisk Expert to Advise Disaster-Hit Aussie Insurers

His visit comes as Australian insurers face some of their darkest days after being hit with more than 59,010 claims worth $661.3 million following recent ex-tropical cyclone Oswald alone.

In the aftermath of the United Kingdom’s biggest peacetime blaze, the 2005 Buncefield fuel depot explosions, Mr Osment oversaw a widespread deployment of GIS technology at RSA that completely revolutionised the organisation’s operations.

“The Buncefield disaster saw us use GIS technology to identify with precision likely claims based on individual circumstances,” Mr Osment said.

“The technology increased accuracy and reduced what has traditionally been a three week process to just a couple of minutes.”