Benfield, an independent reinsurance and risk intermediary, announced the launch of single risk catastrophe modeling services for the company's clients that write business in the U.S. Through an agreement with AIR Worldwide Corporation, a provider of catastrophe risk models, underwriters or agents now have the ability to obtain accurate and comprehensive modeled loss results for a single location policy before it is bound.
Single Risk Modeling is integrated with ExposureView, Benfield's exposure mapping and analytics platform. Clients will be able to utilize ExposureView to supplement the modeled loss results for an individual risk.
"Benfield is the first intermediary to bring individual risk modeling services to its clients," says Kevin Campion, executive vice president and head of the U.S. Benfield ReMetrics team. "We are pleased to partner with AIR Worldwide to provide this new value-added service to our clients."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.