04:20 PM
Mapping Out Risks
Seeing that many reinsurance executives want the convenience of conducting risk analysis themselves, Guy Carpenter & Company (New York), part of Marsh & McLennan Companies (New York), has launched the online risk management platform i-aXis. The solution leverages data repositories and real-time catastrophe mapping to identify areas of potential risk. Reinsurers can use this information to create better underwriting guidelines and pricing strategies.
I-aXis allows reinsurers to access exposure information from satellite data, GPS and catastrophe models including RMS (Newark, Calif.) and AIR (Boston). Advanced data mining capabilities, in-depth portfolio analysis, automated management reporting, user-friendly mapping tools, satellite imaging and real-time weather tracking are some of the program's features that allow carriers to assess risk. "We have come up with a system that drills down the details of reinsurers' own risks and exposures and anything they want to know about them geographically at a high level of resolution," says Ryan Ogaard, managing director for Guy Carpenter. -- M.W.