Risk Accumulation Tool
Know your risk exposure before you underwrite
The quality of underwriting adopted has a profound impact on the loss ratio of an insurer. It is therefore essential for insurers to assess the risk selection and exposure accurately, and make better informed decisions to maximize the underwriting performance. This level of risk assessment is also important when defining new products to be introduced into the market.
Beyontec Risk Accumulator Accelerator is a must-have for any underwriter looking to define, review, and analyze risk accumulation by different types and locations.
Product Highlights
The Beyontec Risk Accumulation Accelerator enables underwriters to accurately review and analyze individual and accumulated risks – building, street, area, city, or country-wise – before making business decisions on quotations or introducing new insurance products.
Higher Accuracy
An accurate analysis of risk exposure and a visual representation of risk portfolio with online map coordinates.Improved Sales
Enhanced sales planning for new business and estimation of appropriate premiums based on risk exposure.Instant Credibility
Superior underwriting and credibility with reinsurers - backed by rich data and analyzed by location.Stacked with amazing risk reduction features
Pre-configured
It is a fully-integrated, pre-configured, real-time solution that automatically identifies and tracks portfolio-level risk accumulations.
Rich data
Leverage online maps to track portfolio level risk-accumulations and measure proximity to other risk exposures
Improve loss handling
It gives precise information for gross exposures, retention capacities, reinsurance cession, and hidden risks, helping insurers make better underwriting decisions
Risk minimization
Integrate risk exposure with your quoting and policy administration systems by defining limits
Malleability
Define, review, and analyze risk accumulation, as per your data visualization preferences