According to reports, the platform incorporates advanced technology designed to significantly enhance the performance and efficiency of underwriting and catastrophe management processes, ultimately benefiting its clients.
The revamped GC AdvantagePoint boasts several pivotal modules, each aimed at empowering insurance professionals and enhancing their ability to navigate complex risk landscapes effectively:
Event Impact Module:
- Within this module, users gain access to rapid notifications regarding events that have the potential to impact their portfolios. Key features of this module include:
- Enhanced catastrophe response capabilities, enabling companies to streamline resource planning by assessing pre-event impacts and managing post-event claims with precision.
- Real-time email alerts to ensure swift response to evolving situations.
- Customisable damage functions tailored to specific needs.
- A comprehensive suite of geospatial analysis tools.
- Unparalleled access to a historical event library, providing valuable insights for risk assessment.
Underwriter+ Module:
- The Underwriter+ module equips users with indispensable information to support profitable underwriting decisions. It offers:
- Innovative capabilities designed to augment risk selection and underwriting profitability through in-depth analytics and actionable risk insights at the location level.
- Access to catastrophe modelled loss information from multiple providers, enriching decision-making.
- Comprehensive accumulation analysis tools to manage risk exposure effectively.
- Fully customisable data-entry features, ensuring flexibility in data management.
- A suite of application programming interface (API) calls for seamless integration into existing workflows.
The introduction of GC AdvantagePoint signifies Guy Carpenter’s commitment to equipping insurance professionals with cutting-edge tools and resources to navigate the evolving landscape of risk and catastrophe management. With its robust features and real-time capabilities, this platform promises to be a valuable asset for insurance companies seeking to make informed decisions and enhance their operational efficiency.
As the insurance industry continues to grapple with the complexities of risk assessment and management, Guy Carpenter’s latest offering reaffirms its position as a forward-thinking industry leader dedicated to providing innovative solutions for its clients.
“In a challenging and rapidly evolving risk landscape, this latest enhancement of GC AdvantagePoint will be a critical tool for companies seeking to drive profitable risk selection and manage catastrophe exposure. This dynamic tool brings new technology, deeper insights and greater efficiency to carriers seeking to modernise their approach to managing catastrophe risk,” said Dan Becker, Guy Carpenter Global Strategic Advisory CEO.
