We help risk managers, brokers and insurers across the globe to better plan, monitor and respond to natural catastrophes, resulting in:
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.
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.
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.
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.
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.
...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.
...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.
As a senior claims leader, EigenAlert allows me to watch the store 24/7, providing great peace of mind.
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.