Single Risk Modeling is a new service that enables Aon Benfield's clients to make informed underwriting decisions leading to a balanced book of business. Aon Benfield is the first reinsurance intermediary to bring our clients individual risk modeling results. Now clients can quickly obtain accurate and comprehensive modeled loss results for a single location policy before it is bound.
Single Risk Modeling is the latest enhancement to ExposureView™, the Firm’s proprietary and award-winning analytics and risk mapping platform. Clients can now leverage the full analytic power of ExposureView to supplement the modeled loss results for an individual risk. Produced within seconds, the results are identical to what a detailed portfolio analysis provides as opposed to a ZIP Code or grid approximation.
Single Risk Modeling results offer the following benefits:
- Most accurate results based on street address geocoding. The actual street address to geocode the risk is used, not a ZIP Code or grid approximation. Estimates based on these averages can be quite inaccurate for a specific policy, especially one with greater exposure to cat losses.
- Detailed modeling of risk characteristics. No shortcuts are used as all the features of a risk are modeled. Characteristics such as construction type, year built, roof geometry, and other secondary modifiers are included to produce the results.
- Fully integrated with ExposureView. With the full power of ExposureView right at their fingertips, clients can also view the risk with aerial and satellite imagery, identify nearby terrorist targets or sinkholes, track neighborhood accumulations, and a host of other functions.
Single Risk Modeling is just another first in Aon Benfield’s long history of delivering innovative services and products that help our clients make informed risk management decisions.