MANAGING
PROPERTY-LOSS
EXPOSURES
As the risk manager's role grows to
cover an ever-wider range of risks
across the enterprise, fundamental
responsibilities like property loss
control are as important as ever.
The challenge lies in the efficient
collection and management of
property-loss exposure data,
which is crucial to implementing
the proactive property loss
control measures that mitigate the
likelihood and severity of losses.
RiskConsole's property-management
tools empower risk managers to
automate the capture and management
of construction, occupancy, protection
and exposure (COPE) information.
Property details, financials, insurance
tracking (policies, premiums, quotes)
and loan-servicing information are
easily interrelated for all assets, giving
you a complete, transparent view of
your organization's portfolio. What's
more, RiskConsole accommodates
multiple currencies and languages.
Effective management of COPE factors
is central to optimizing insurance
costs. RiskConsole's powerful reporting tools
consolidate and aggregate COPE and related
data for customizable, accurate and detailed
reporting not only to underwriters, but also to
your organization's top management and board.
By linking property information to other risk data
tracked in RiskConsole, clients enjoy the benefits
of a single, comprehensive environment for data
management, risk analysis and risk reporting.
RiskConsole also helps reduce administrative
costs by driving data-collection responsibility
to the field users who are most knowledgeable
of their exposures. Real-time tracking and
reminders ensure data collection is complete.
