Risk Exposure Management
The increasing intensity and frequency of man-made and natural catastrophes has created unprecedented opportunities, as well as risks, for underwriting companies. A key challenge is to identify how you can benefit from this expansion whilst ensuring your company does not become vulnerable to unacceptable losses from extreme events.
ROOM has a long and successful history of developing systems to manage risk exposure in underwriting organisations. Our latest offering, Exact Advantage supports detailed risk assessment of onshore and offshore risk using a risk aggregation engine and a powerful Geographical Information Systems (GIS) mapping interface.
We understand that risk exposure management and monitoring is an essential part of both the risk management and underwriting functions for our customers. Exact Advantage supports the proactive assessment of the susceptibility of underwriting portfolios to catastrophic events, examples include:
Terrorism Risk Management
The changing nature of the political risk and terrorism environment and the limited availability of insurance cover in high profile regions are forcing terrorism underwriters to re-examine their exposure in more detail. Exact Advantage enables you to visually map potential business against risks already written and perform detailed full book and business line aggregations across defined geographic areas. Terrorism underwriters can map their risk at address level (X,Y coordinate) to give the detail they require.
Read how Novae’s terrorism underwriters use Exact Advantage to examine their book’s exposure to the terrorism threat. 
Windstorm Risk Exposure
The windstorm events in the Gulf of Mexico in 2004 and 2005 highlighted the need to fully understand risk exposure to unpredictable weather events. Energy and property underwriters use Exact Advantage to understand how predicted and occurred windstorms could affect the books of business they manage.
Flood Risk Exposure
The recent floods in the UK and Europe demonstrated the significant amount of commercial and residential properties that reside within flood plains. Using Exact Advantage you can overlay flood plain details onto maps detailing existing and proposed risks to enable rapid assessment.
Find out more about Exact Advantage or contact us to speak to a member of our team.
Make an enquiry
Email this page
Print this page