Risk management

OS MasterMap Topography Layer showing risk management we have discover more With many insurers re-examining their approach to risk to ensure Solvency II compliance there is a growing demand for greater precision in identifying individual risk locations and their associated exposures. There is a need to identify your exposure in a single location across treaty, facilitative and securitisation markets.

Key issues

Solvency II legislation requires insurers and reinsurers to accurately manage their risk portfolios.
The accurate reporting of accumulation due to several systems or even locations being involved in the process.
Capital availability.
Real-time accumulation management becoming a business need.
Costlier and more stringent underwriting required.
Managing reinsurance costs.

The solution

Location intelligence can help you to:

Pinpoint the location of risks at individual address level – adding a valuable dimension to understanding your overall risk exposure in your commercial and personal lines property portfolio.
Combine your own and third-party data with our location intelligence – enabling greater insight into risk accumulation, evaluation and management.
Build a thorough understanding of accumulated risk within given locations or areas – helping to identify hotspots and trends.

Business benefits

Improved reinsurance costs.
More accurate management of risk exposure.
Enhanced understanding of current risk portfolio and customer base.
Greater insight into accumulated risk.
Minimise your risk and therefore, optimise the cost of your risk portfolio.
Increased revenue and profit through the identification and management of opportunities and challenges.
Competitive pricing.