Alesco Selects EigenRisk Analytics Platform

 In EigenPrism Updates

London, UK – (Business Wire)- EigenRisk Inc. is providing Alesco Risk Management Services Limited (Alesco) with its award winning EigenPrism™ platform for risk analytics and real-time event response.

Alesco will use the platform to enhance its ability to address the complex risk management and insurance needs of its clients in the global property, construction and energy insurance markets.

The full suite of dynamic modeling and analytical capabilities will enable Alesco’s expert consultants to help their clients assess and manage significant exposures to natural catastrophes, and negotiate related coverages more effectively with underwriters.

The real-time event response capability will facilitate faster response and loss mitigation strategies as events unfold, while relevant and timely automated notifications will allow for proactive adjustments in disaster response, business continuity and claims management activities.

Derek Thrumble, Managing Partner, Alesco, commented: “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.”

Notably, EigenPrism will provide Alesco’s experts with the ability to run multiple scenarios from multiple data and modeling partners on the platform, enhancing their ability to help clients assess catastrophic exposures, allocate resources for disaster planning and property claims management with greater speed and efficiency, and negotiate related coverages more effectively with underwriters.

“We’re delighted to have entered a new relationship with Alesco, which expands our footprint in the London and European markets. And we are excited to collaborate with Alesco’s team of risk and insurance experts as we continue to enhance our platform’s analytical and modeling capabilities and the value it unlocks for our customers,” said Eduardo Hernandez, Co-Founder & Head of Business Development, EigenRisk, Inc.

Notes to Editors:

Alesco Risk Management Services Limited (Alesco) is a fast growing and dynamic insurance broker that specialises in energy, construction, terrorism, alternative risk transfer, property liability and related lines of business.

Alesco’s commitment to excellence in client management is unequalled and offers a single point of contact for global clients who need to access multiple markets. It combines the strength and reach of a global brand, with the service levels and flexibility of a specialist independent broker.

About EigenRisk™

EigenRisk™, Inc., is an insurance technology firm delivering speed-of-thought risk analytics and open architecture model execution platform to the insurance, reinsurance, brokerage, and risk management community.