Features

Hazard modeling

We have curated an extensive library of hazard models, from public and private sources in a standardized framework in which you can easily select and compare results from different sources. In addition to traditional perils such as earthquake, windstorm, tornado and hail, we also cover emerging risks such as flood, wildfire and sea-level rise. Coverage varies by geography, and we are continuously adding new peril-regions via new partnerships or as new public domain data sets are released.

Deterministic Scenario Modeling

Our deterministic scenario modeling engine allows you to estimate impact from historical, real-time or hypothetical events in a simple but transparent framework. You can adjust modeling assumptions and even bring in your own hazard and damage models.

Since the modeling engine works seamlessly with our analytics, you don’t even know you are “running a model”. It just happens behind the scenes as you interact with the application and pull up an event to analyze against your exposure. And it happens in sub-seconds.

Financial Modeling

We have built our own financial modeling engine from the ground up, to handle complex policy terms and conditions, including sublimits and special conditions. Our data model is comprehensive and expressive, and allows you to capture contracts close to how they are written. This means you no longer need to create separate portfolios for each peril!

Our methodology is completely transparent and documented, but more importantly, we have an entire module (Program Builder) dedicated to auditing financial calculations, and even run what-if scenarios such as alternate deductible structures on the fly.

Damage Modeling

EigenPrism allows you to create and adjust damage models, including the impact of “secondary uncertainty.” This is particularly useful for non-modeled or underserved peril regions.

Clients Speak

  • 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.

    Guru Rao Chief Analytics Officer, FBAlliance Insurance Company
  • ...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.

    Analytics Manager at top 10 Broker
  • ...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.

    Risk Manager for Top Auto Retailer
  • 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.

    Analytics Manager at top 10 Broker
  • Lockton leverages the power of EigenPrism to make our clients' businesses better in the face of disaster.

    Mark Moitoso National Analytics Practice Leader, Lockton Companies
  • We needed the latest in risk analytics to empower and inform timely decision making, both for ourselves and for our clients.

    Derek Thrumble
    Derek Thrumble Managing Partner, Alesco
  • 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.

    Derek Thumble Managing Partner, Alesco Risk Management Services Limited
  • 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.

    Analytics Manager
  • 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.

    Tony Abella, Jr. Area Senior Vice President, Arthur J. Gallagher & Co.
  • 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.

    Justin VanOpdorp Chief Analytics Officer, Lockton Companies
  • 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.

    Dave Marcus Area Chairman, Arthur J. Gallagher & Co.
  • 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.

    Michael Andler EVP & Head of U.S. Property Practice, Lockton Companies

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