ExposureIQ makes organization-wide portfolio management possible by supporting roll ups across both insurance and reinsurance portfolios in one application, and the robust financial model means complex inwards and outwards reinsurance structures can be applied for a true net of reinsurance view right up to the group level. The in-app dashboard and map allows you to then quickly visualize and report on global exposure concentrations and hotspots.
Advanced portfolio-level reporting helps you write business closer to your risk threshold.
Run accumulations across insurance and reinsurance portfolios to identify drivers of loss faster.
Respond Faster to Catastrophe Events
Leverage real-time insights through integration with RMS Event Response and HWind.
Comprehensive Exposure Management
An Exposure Manager’s job isn’t done once they’ve balanced their portfolio. At any moment, a catastrophe event can strike, requiring them to support time-sensitive event response operations, like portfolio reporting, and deployment of claims adjusters. Let’s look at how ExposureIQ helps Exposure Managers succeed in the role today and in the future:
Leading up to an Event
During an Event
Following an Event
Adapting to New Risk Paradigms
Integrated with ExposureIQ, RMS HWind provides forecasting products up to 5-days before landfall including seven weighted track scenarios, wind and storm surge footprints, and wind probability analytics updated six times daily.
Every HWind forecast update is instantly made available in ExposureIQ, enabling you to overlay the data onto your portfolio to identify areas and locations most at risk, the associated potential losses and to better inform preparation strategies.
RMS Event Response footprints and six-hourly HWind snapshots and cumulative wind field footprints are instantly made available for portfolio analysis in ExposureIQ, without the need for manual uploads.
Quantify the potential hazard and loss impacts to your portfolio, produce frequent updates for key stakeholders and anticipate the volume of claims for effective deployment of claims adjusters.
RMS Global Event Response and HWind footprints are automatically uploaded to ExposureIQ as soon as they become available following an event.
Historical event footprints remain accessible to use on ExposureIQ to help you validate historical claims and loss experience for custom or internal views of risk or to improve event response processes for future events.
With growing societal, governmental, and consumer attention on environmental, social, and governance (ESG), the insurance industry is just beginning to understand how it effects everyday business operations.
ExposureIQ seamlessly incorporates ESG analytics into portfolio and exposure management workflows to improve their risk selection, enhance reporting capabilities, and increase differentiation with new and innovative product offerings.
Get Near Real-Time Insights into Your Event Response Process Faster
Before, during, and after a catastrophic event, senior managers, company boards, and regulators demand to be kept informed of the potential impact to the business. Exposure Managers are expected to deliver real-time insights on the areas most severely impacted, to understand the potential portfolio losses and to provide guidance on where to deploy claims adjusters and the anticipated volume of claims.
However, the insights needed to make these decisions can be challenging and time-consuming to process with critical event information and data pouring in from multiple sources.
Industry-leading RMS HWind and Event Response services are fully integrated with ExposureIQ ensuring customers gain access to around-the-clock insights before, during, and after an event. HWind forecasts, snapshots, and Event Response footprints are uploaded to ExposureIQ the moment they become available, removing the time-consuming manual processes required for other solutions.
Exposure Management Application: Buyer’s Guide
With so many exposure management tools on the market, it can be challenging to decide which solution best fits your needs. The RMS Exposure Management Application buyer’s guide can help you ask the right questions so that you can start producing greater insights, discovering new growth opportunities, and minimizing surprises.
Customer Success Stories
Frequently Asked Questions
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When a potential catastrophic event threatens, exposure managers are on the front line to keep the business informed about potential losses and to identify the impact on insureds and cedants. All eyes are on exposure managers when the business needs regular, near real-time updates on potential losses. Catastrophe risks, such as hurricanes, can be particularly unpredictable, which makes frequent and informed updates mission critical to the business. Just look at Hurricane Irma in 2017. The initial track saw I...
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