GulfStorm Exponent

The Gulf of Mexico energy risk management solution

 

 

 

·       Understand portfolio exposure to Gulf hurricane events

·       Enable more business to be written, more safely

·       Assess offered business for profitability and compatibility with existing portfolio

·       More effective management of RI protection programme

·       Estimate likely claims, and assess actual claims

·       Fully auditable / defensible reports for regulatory authorities, compliance departments and corporate management

·       For insurers, re-insurers, brokers, operators and regulators

·       At insurers, for use by: underwriters, RI programme managers, compliance and claims functions

·       Reporting of whole industry exposures (of interest to re-insurers) as well as syndicate exposures

·       Operates with existing in-house or third party aggregation systems, or via online bureau service

·       Bureau service provides access to exposure reports over secure internet connection.  No need to buy, install or manage software

·       All data entry and schedule management performed by the bureau

 

 

·       Fully configurable to express the underwriter's business strategy

·       Detailed information on insured assets and offshore environment, gathered from government, industry and academic sources

·       Rational engineering models of wind / wave / surge peril and asset vulnerability, developed in association with Matthews Daniel

·       Modelling of policy structure in indefinite detail (sections, sub-sections, limits, common limits, sub-limits, sub-sub-limits, etc.)

·       Fully auditable and traceable results (not a 'black box')

·       Benchmarked (validated) against historic storms

·       Fully configurable business rules for non-physical damage losses (BI, TPL, OEE, etc)

·       Physical damage models for range of assets (platforms, caissons, pipelines, mobiles, etc)

·       Inclusion of onshore energy assets within the same analysis

·       BI loss modelled in terms of 'days', thereby allowing the very significant limits and retentions to be modelled

·       Erosion of annual aggregate limits and retentions

·       Accounting for facultative and treaty RI protection

·       Separate signing for separate policy sections

·       Estimation of whole-industry loss, based on proprietary dataset of asset type, value and vulnerability

·       Assessment of knock-on effect of large industry loss on claims and recoverables (OIL cover, supplier costs, repair delay, etc)

·       Resolution of data ambiguities and inconsistencies on asset schedules (missing, mis-named and mis-described assets, etc)

·       Flexible information strategy, to accommodate incomplete and uncertain asset data

·       Sophisticated information processing, data visualisation and mapping

 

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