Independent specialist re/insurer Apollo has announced the integration of RMS’ ExposureIQ application into its exposure management workflow, citing its outstanding internal exposure management processes and underwriting capabilities as a key factor.
ExposureIQ is an cloud-based exposure management application running on the RMS open cloud platform, RMS Risk Intelligence.
It enables faster and more accurate business-wide exposure management.
“Before committing to ExposureIQ, we conducted an extensive evaluation of how the RMS exposure management tool could facilitate enhanced internal workflows and how we could better present and visualize exposure information,” said Robert Stevenson, Head of Operations at Apollo.
“Our primary focus was to have a single exposure data source feeding multiple applications and not have to convert or upload exposure datasets between applications.
“ExposureIQ provides that capability. Our team is currently using ExposureIQ to support our frontline underwriting workflow and is providing a more agile platform to analyze current and historical events.”
Jason Futers, Managing Director at RMS added.
“Exposure management is key to our customers’ ability to build profitable portfolios. The ExposureIQ application was developed on our truly unified platform, Risk Intelligence, where our customers can quickly derive deeper insights and improve what are traditionally manual, repetitive activities such as event response.
“There are a number of stand-alone exposure tools in the market, so we’re delighted a sophisticated insurer such as Apollo has adopted the Exposure IQ application after such a thorough evaluation.”
