THE DEFINITIVE GUIDE TO A RISK MANAGEMENT INFORMATION SYSTEM 18
What it does:
Provides you with consistent and updatable information on all your
physical assets and overlays your assets and exposures with insurance
data, natural catastrophe and political information.
Benefits:
• Allows you to prioritize recommendations, ensuring risk management
budgets are spent on key areas of risk improvement and assess their impact
on premium levels.
• Enables you to track multiple loss estimates.
• Enables you to group assets by territory so you can fine-tune your
understanding of high and low risk locations.
• Helps you avoid overinsuring or underinsuring with accurate property values
and the right sums insured.
What it does:
Allows you to get to grips with all your insurance policies, including
local, fronting and global, to provide full transparency, helping you to
avoid duplication or gaps.
Benefits:
• Saves you the cost of overinsurance and prevents the risk of underinsurance.
• Gives a detailed view of local policies so you can ensure that mandatory
country-specific cover is in place.
• Ensures consistency for different lines of coverage, for example, so country
operations work to the same limits of coverage.
• Helps you manage loss ratio reporting more efficiently.
• Enables you to move from paper-based policy management to storing
records and documents electronically that are easy to access and audit.
ASSET MANAGEMENT POLICY MANAGEMENT
