Software development
In today’s data-driven business landscape, harnessing the power of technology is critical for organizations seeking to gain a competitive edge. A leading reinsurance company, specializing in property catastrophe excess of loss reinsurance, recognized the potential of strategic IT solutions.
For seven years, this client has partnered with us to elevate their analytics capabilities. Together, we’ve harnessed the power of strategic IT solutions, revolutionizing the way they evaluate risk.
Develop a system that could calculate loss accumulations across any subset of their portfolio to help them make better decisions to insure deals.
A system that could store and transform data and implement complex financial models, allowing for additional resolution and perspective to evaluate risk.
Impact was immediately felt and provided numerous benefits to the risk assessment process including adding an additional layer of analysis.
Our client was looking to enhance their already first-class catastrophe analytics and further differentiate themselves from their peers. Their goal was to calculate loss accumulations across any subset of their portfolio at various geographic resolutions to help them make better decisions to insure deals.
Catering to a global clientele, they needed a more intuitive way to visualize geographic footprints across the globe and analyze specific types of perils, such as hurricanes and earthquakes.
Enter ARMER, short for ‘All Risks Matrix of Exposures and Results’, a groundbreaking system developed and conceptualized by our client and brought to life by our team’s technical execution.
This system was designed to store and transform data and implement complex financial models, allowing for additional resolution and perspective with which to evaluate risk. This enables our client to make more informed decisions when insuring deals.
The geographic grid system allows our client to assess catastrophic risk independently for various regions worldwide, further enhancing its decision-making process.
ARMER’s impact was immediately felt and provided numerous benefits to the risk assessment process including adding an additional layer of analysis to their underwriting and portfolio management decisions.
After the technical implementation was finalized, several benefits were observed, including:
With ARMER in place, the reinsurance company was inundated with a continuous influx of new data. The next logical step was to organize and present this data in a more digestible format for analysis. Read this success story.
Discover how Green Leaf Consulting Group’s strategic IT solutions can bring you growth through technology. Contact Neil McCole at neilm@greenleafgrp.com or (484) 535-4405.