The evolution of risk assessment
Risk Insight offers a powerful yet intuitive means of assessing risk across your property portfolio. Developed for insurers, public sector bodies and property managers, it provides a clear picture and understanding of individual risks and overall exposure. Implemented as an online service, Risk Insight can be integrated with your internal systems to provide a rich, seamless experience for your users.
Risk Insight brings together best-in-breed addressing, mapping and perils data to provide a complete risk assessment solution. Using definitive address data, such as AddressBase Premium for Great Britain, your users can quickly locate any address, score risks for perils such as flood, subsidence & crime, visualise exposure accumulations and generate reports. Organisations with large portfolios will find the batch mode invaluable in automatically processing large volumes of risk assessments.
Sharpen Risk Assessment
Postcodes are too coarse to assess risk accurately. Avoid treating all addresses within a postcode the same, when there may be significant variations in risk. Risk Insight uses comprehensive databases of addresses for high precision results that you can use to make decisions with confidence. For insurers, this enables greater precision when underwriting and the opportunity to offer more competitive pricing whilst also increasing profitability.
Standardise Best Practices
Get it right the first time, every time. By using a common solution across your organisation you can ensure that everyone is using a standard approach to assessing risk. Risk Insight uses your organisation’s preferred risk scoring methodology meaning that every risk assessment, whether performed as a single lookup or part of a large batch, conforms to your standard.
Ideal For Insurers, Brokers & MGAs
Risk Insight has been designed to meet a broad range of user needs when it comes to risk assessment. Enabling interactive look-ups, with the ability to visualise perils and existing exposure, and also offering a batch option that will process large portfolios and email you when complete, it enables your team to spend more time doing what’s important for your business. Comprehensive user management and dashboarding modules enable you to share access across your organisation and with your channel, whilst retaining control and being able to monitor risk levels for individual users or brokers, ensuring consistency across your internal and channel teams.
A Reliable Service, Tailored To You
Risk Insight is delivered as an online cloud-hosted solution with an average availability exceeding 99.9%. The service is available to your team whenever and wherever they need it, with updates taken care of for you. Adding further value to your organisation, Risk Insight may be customised with your own portfolio data and risk scoring methodology. It can even be integrated with your internal systems for a truly seamless user experience.
Risk Insight can consume base maps from a variety of sources, including Google Maps, Esri ArcGIS Online, Mapbox and our own viaEuropa service.
Risk Insight has been recognised for its innovative approach to perils risk assessment in multiple industry awards.
Finalist: Innovation Award, Flood Expo Awards 2019
Finalist: Tech & Innovation Awards 2017
How can we help you?
If you would like to explore how Risk Insight could benefit your organisation, please contact one of our experienced consultants who will be happy to help you. Alternatively, for a deeper look, please join us for one of our regular webinars.