Features
Unlike traditional platforms that rely on static exposure snapshots, we have designed our data model to understand that exposure data changes over time, sometimes rapidly, such as in the case of construction and moveable property risk. In our platform, you can update any exposure attribute at any time, whether incrementally or in bulk, manually or via integration with your systems using our powerful APIs.
Our analytics engines then allow you to create snapshots for analysis on the fly (read about our “time travel” analytics feature).
We believe that data quality is best assessed close to the point of data entry. Our platform proactively surfaces data quality weaknesses in an extensible framework where you can add your own validation rules, and control the degree to which you allow non-conformant data to be entered.
Our highly visual framework lets you see your data in the context of relative hazard, and helps you prioritize specific assets for data quality improvement.
Are you dealing with poor data quality, missing or incomplete information?
Our platform allows you to access global geocoding, multi-peril hazard lookup, COPE data augmentation and more from Melissa data, KatRisk, Hazard Hub, FEMA, USGS, USDA and other sources.
As an open platform, our data augmentation capabilities are always growing as we add new partners.
Our extensive data dictionary is not dependent on any model, which means we can capture data on any type of exposure, in an extensible framework that understands the language of insurance. We are continuously adding new subject areas beyond traditional catastrophe modeling input data, from supply chains to claims and business operations.
This, coupled with our powerful data import engine, means that you can consolidate and standardize data from disparate sources, and create your own data sets for benchmarking.
Any object in our platform can be shared with colleagues, clients or counterparties with a simple link. Different access levels ensure owners always have full control over their data. This ensures everyone is working from a single source of truth, reducing errors and omissions, and improving productivity.
Clients Speak
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Chief Analytics Officer, FBAlliance Insurance Company
EigenPrism gives us unprecedented access to our latest exposure data, updated daily, as well as a vast library of historical and real-time worldwide events ... the Alert notifications and daily output feeds into critical business decisions - new business suspension, loss prevention services, claims management, reserving, and exposure management.
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Analytics Manager at top 10 Broker
...I asked how long it would take for the office to create an Excel data profile comparing year-over-year changes in TIV, and they said “at least 2 hours”. This came from someone who is very organized and good with Excel. They were ecstatic that Eigen Profiles only takes a single button click and about 2 minutes to automatically generate the comparative reports and maps. This could be a significant time saver for the team while producing a better work product.
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Risk Manager for Top Auto Retailer
...I wanted to let you know the report related to hail at each of our stores has been invaluable! It was very well received in London by our insurance underwriters, and the report has formed the foundation for our capital plan for adding hail tents to 33 stores that, according to your analysis, fall into areas of high risk.
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Analytics Manager at top 10 Broker
I'm sure you've heard about the Montana EQ. While it doesn't appear to be devastating, it's an excellent example of how quickly the Prism notifications are generated. The below notification was automatically sent at 2:04 AM this morning, about 15 minutes after the event. Quite impressive.
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National Analytics Practice Leader, Lockton Companies
Lockton leverages the power of EigenPrism to make our clients' businesses better in the face of disaster.
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We needed the latest in risk analytics to empower and inform timely decision making, both for ourselves and for our clients.
Managing Partner, Alesco
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Managing Partner, Alesco Risk Management Services Limited
The EigenRisk team share our passion for leveraging advances in risk analytics to really empower and inform timely decision-making, whether our own, our clients or that of our markets, and we’ve been impressed by their collaborative approach. EigenPrism addresses a gap in the market for large corporate and multinational accounts which require an efficient and timely analysis of their exposure to natural catastrophes and we look forward to working with the team.
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Analytics Manager
Prism is the idea front end analytics platform, empowering real-time property analytics packaged in an intuitive format. Using Prism, we engage with clients in an interactive manner to optimize and tailor their insurance program, while also responding proactively to loss events anywhere in the world.
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Area Senior Vice President, Arthur J. Gallagher & Co.
EigenPrism feels real. You can interact with your data. It's not a static exercise of managing spreadsheets. You can have a relationship with the data and the models.
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Chief Analytics Officer, Lockton Companies
The tools, data and analytics available through EigenPrism significantly enhance our ability to assess, mitigate and manage the varied and challenging catastrophic risks businesses face today.
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Area Chairman, Arthur J. Gallagher & Co.
We are now able to help our clients visualize and model their exposure to CAT loss from an extensive library of historical footprints; not just what the ‘closed box’ models give us. Notably, we can develop ‘what if’ scenarios to loss, enabling us to alert our clients of potential losses to impending and real-time events. In turn, that will help facilitate faster and more focused responses.
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EVP & Head of U.S. Property Practice, Lockton Companies
We have seen first-hand how the [EigenPrism] platform enables our brokers and consultants to analyze catastrophic property exposures by individual client locations faster and with greater precision. This facilitates more effective post-event planning, response and claims management, as well as enhancing our ability to better prepare our clients for their insurance renewals.
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