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Insights for Loss Control and Risk

Turn risk detection and analysis into actionable advice and KPIs.
Current Situation

Risk analysis is core competence of insurers – still, actuaries often limit their calculations to structured data statistics. Loss Control analyzes wider trends and emerging threats, often without a direct implementation into underwriting processes.

Objective:

Provide underwriting and loss control with actionable information related to insureds, regions, or industries.

How CID can support:
  • ‍Continuous monitoring of news, social media, company reports, SEC filings...
  • Identification of trigger events such as safety issues, environmental damages, litigation and class actions
  • Pro-active alerts to loss control and underwriters
Objective:

Identify threats and emerging risks for insureds and/or the insurance company.

How CID can support:
  • ‍Continuous monitoring of news, scientific publications, research...
  • Detection of new and emerging risks and threats
  • Automated identification of insured and insurer exposure, enabling pro-active outreach and advisory
Objective:

Streamline the vetting and curation process of internal and external information about risks to provide better overview and actionable insights to leadership.

How CID can support:
  • ‍Systematic coverage of internal and external information
  • Automated creation of a knowledge graph linking business lines, clients, and risks with information, risk categories and emerging topics
  • Combined analysis of structured risk KPIs with unstructured data
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How Insurers Benefit

Provide underwriting with an extensive risk analysis, with immediate relevance for insured and coverage request. Prevent bigger losses by pro-actively addressing threats and prepare for emerging risks well ahead in time.

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