Exact Advantage
ROOM’s unique risk aggregation, Exact Advantage, combines the power of a market leading risk aggregation engine and an advanced mapping interface that utilises the latest Geographical Information Systems (GIS) technology. These components work together to provide comprehensive monitoring and assessment of onshore and offshore risk exposure as follows:
Market Leading Risk Aggregation
The Exact Advantage aggregation engine generates potential loss figures for disaster scenarios, or real events, using detailed policy data. It will take into account your combination of perils, limits, sub-limits, and reinsurance coverage for each policy impacted by the simulated loss event. This allows geographical accumulation of your risks to be managed within tight boundaries.
Sophisticated GIS Mapping
The sophisticated GIS mapping interface of Exact Advantage works in synergy with the aggregation engine, and has powerful facilities for generating precise geographical coordinates (X,Y) from baseline location data. You can display the proposed risk on street-level maps overlaid with the accumulation profile of risks from the existing portfolio. The multi-layered mapping architecture can be used in numerous ways to support decision making on the acceptability, rating and terms for new submissions.
Our GIS mapping interface provides a highly intuitive way of driving complex hot spot analyses:
Exact Advantage will assist you to:
- Achieve Dynamic Peril Scenario Modelling
You can define simulations to run, such as bomb blasts, windstorms, floods and earthquakes, in any city or country. These can be mapped interactively and aggregations performed to give you an immediate view of your gross and net exposure, and remaining capacity.
- Save Time in Completion of RDS Reports
Careful management of catastrophe risk is a business imperative at Lloyd’s. Each year a set of Realistic Disaster Scenarios (RDS) test the syndicates to assess how they stand up to chains of accumulated exposure in extreme cases. Exact Advantage can facilitate the completion of your syndicate’s RDS reports.
- Assess Damage and Risk Factors
Comprehensive damage factor matrices are maintained in the system, such as those used in RDS reporting, and can be applied at any level your business requires. You can create and store your own damage factor matrices for any scenario.
- Run Effective Hot Spot Analyses
Exposure grids can be overlaid on the map covering high profile areas, such as downtown Manhattan. You can run multiple aggregations which will visually highlight any risk hot spots as well as areas you may want to target for new business opportunities.
Contact us to request more information on Exact Advantage or to speak to a member of our team.
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