Insurance Software offers risk mapping and exposure management.September 5, 2008 -
ExposureView v3.1 enables insurers to visualize potential impact of catastrophic events on their portfolios, before, during, or after event. ExposureCube allows users to dynamically interact with data to build and deliver reports. Clients can upload new exposure datasets at any time, allowing them to use latest information as they plan their response. Software is used with range of data including personal and commercial property, workers compensation, and offshore platforms.
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Original Press release
Benfield
55 Bishopsgate
London, ,
United Kingdom
Benfield Releases ExposureView(TM) Upgrade
State of the art mapping technology empowers insurers to dynamically interact with their portfolios during hurricane season
MINNEAPOLIS - Benfield, the world's leading independent reinsurance and risk intermediary, today released Version 3.1 of ExposureView, the latest upgrade of the company's award-winning risk mapping and exposure management tool.
"Our continued commitment to innovation has led us to this new version," said Kevin Campion, Executive Vice President and head of the US Benfield ReMetrics team that developed the software. "With over 1,000 users, Version 3.1 is easier to use and more powerful with interactive reporting capabilities that help our clients respond quickly during the hurricane season."
ExposureView enables insurers to visualize the potential impact of catastrophic events on their portfolios, before, during, or after the event. Claims teams use it for deploying adjusters, and managing and analyzing claims. Underwriters use the application to review new risks relative to accumulations in their existing portfolio and against local perils such as terrorism targets.
ExposureView 3.1 enhancements include a new feature called ExposureCube that allows users to dynamically interact with their data to build and deliver reports instantaneously. Designed with a user friendly interface, functionality includes summarizing, filtering, drill-down, roll-up, and standard pivot table features to enable users to quickly create all possible reports from one dataset.
Other enhancements include a menu of commonly used reports, improved analysis for tornadoes and hail storms, and automated hurricane footprints updated every six hours. With ExposureView 3.1, clients are now able to upload new exposure datasets at any time, allowing them to use the latest information as they plan their response.
ExposureView 3.1 can be used with a wide range of data including personal or commercial property, auto, workers compensation, offshore platforms-any data that has a full address or a specific latitude/longitude.
Fast deployment, zero administration, unlimited scalability, and no software installation, ExposureView 3.1 is readily accessible with a web browser and an internet connection.
For more information about ExposureView or to schedule a product demonstration, please contact Paul Budde (paul.budde@us.benfieldgroup.com).
Benfield is the world's leading independent reinsurance and risk intermediary. Its customers include many of the world's major insurance and reinsurance companies as well as government entities and global corporations. Benfield operates from more than 50 locations worldwide. The company is listed on the London Stock Exchange under the ticker symbol BFD. www.benfieldgroup.com
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