Solution combines broker’s ExposureView and CatPortal products
Reinsurance broker Aon Benfield has launched ImpactOnDemand, a new incarnation of its risk management tool suite, which allows insurers to visualize and quantify their exposures to catastrophic events. Insurers can upload their most current portfolios for viewing and analysis at any time.
ImpactOnDemand combines the functionality of Aon Benfield’s ExposureView and CatPortal solutions, and includes new features that can be tailored to clients’ individual risk management requirements such as global mapping analysis and management reports. The broker claims ImpactOnDemand allows clients to plot a million risk locations in less than five seconds.
The web-based tool provides real-time information on catastrophes including earthquakes, hurricanes, wildfires, tornado and hail events, volcanic eruptions, and other ad-hoc events, allowing for continuous exposure analysis. It also incorporates live data feeds from storm forecasting firms Tropical Storm Risk and EuroTempest – both sponsored by Aon Benfield research.
ImpactOnDemand allows users to consolidate historical catastrophe modelling data to analyse trends and changes in their business. Other capabilities include pre-binding underwriting analysis, key risk driver analysis, claims planning and preparedness, and post-catastrophe and exposure accumulation analyses.