Copyright © 2006 Business Insurance

"Carpenter launches Web-based data platform" February 27, 2006

by Judy Greenwald

 

NEW YORK—Reinsurance intermediary Guy Carpenter & Co. Inc. said it is introducing a Web-based data management platform that will make it easier for its clients to access the exposure and loss information they need in a customizable form.

Among the features of the new i-aXs platform are instant access to a repository of exposure data; data-mining capabilities, including the ability to view and manipulate data and build custom reports; portfolio analysis; management reporting; streamlined report tools with immediate updating; user-friendly mapping tools; satellite imaging; and real-time weather tracking.

Ryan Ogaard, Seattle-based Guy Carpenter managing director and global practice leader of Instrat, the firm’s risk and financial modeling group, said if there is a California fire, for instance, clients can see satellite photos of the affected area overlaid with indications of where their policies are located.

The product is initially available only for property catastrophe lines, but Guy Carpenter plans to expand it to other lines as well, including workers compensation, said Mr. Ogaard.

© Copyright Business Insurance 2006