Reason #6: Manage and optimise capacity
Allocate your vital capital resources more effectively with ESRI (UK)’s Insurance Platform.
Improve the allocation of capital
Your capacity to underwrite risk is your most valuable competency.
By providing underwriters with the most accurate method commercially available to determine a property’s precise location – and therefore its precise exposure to risk – ESRI (UK)’s Insurance Platform can enable you to optimise how you choose to invest your vital capital resources.
In this way, return on investment in risk is no longer an unknown quantity. By accurately pricing commercial property risks as soon as they are underwritten, you can ensure the best return on your capital investment, and maximum profitability.
This capability is also beneficial for reinsurance. The accuracy of the data in the solution will hep reinsurers to optimise the cost of their reinsurance policies, as risks are reinsured more accurately. This can result in savings for the primary insurer, which can be passed onto customers, given to shareholders or used to underwrite more business.
Indeed, this more accurate method of working gives primary insurers the power to cost out various reinsurance options according to the precise nature of the risk, choosing the method that best suits their requirements. This ability to reinsure risks more appropriately means that a primary insurer can expect to see net levels of profitability rise significantly.
Better capital management
In fact, better capital management on the part of insurers will ultimately result in you being able to reduce the amount of capital you need to hold in reserve. And this provides more money that can be used in daily business activities.
The result is a highly precise, dynamic and optimised way to manage insurance and reinsurance capacity, a method which benefits the primary insurer, the reinsurer and the customer alike.
