BMS Group, an independent insurance and reinsurance broker, has partnered with EigenRisk to integrate the EigenPrism platform into its catastrophe risk management system, iVision.
The integration introduces additional functionality to iVision’s GIS-based analytics, including real-time event data, expanded access to external data providers, and updated reporting features. These changes are intended to support insurers in evaluating and managing risks associated with both natural and man-made events.
iVision is used by insurers to monitor claims costs, assess large-loss exposure, and review portfolio concentration prior to binding. Through the addition of EigenPrism, the platform now incorporates data from more than 30 providers, along with geo-visualisation tools and alerting features available across desktop and mobile environments. The combined system is designed to support exposure assessment, event tracking, and post-loss analysis within a single interface.
The integration enables ongoing monitoring of catastrophe activity through live data feeds and configurable alerts, covering events such as tornado activity, hail intensity, hurricane wind fields, and historical PCS events. Users can apply adjustable damage ratios to estimate potential financial impact. The platform also supports portfolio stress testing, allowing for the identification of concentration risk and exposure gaps, which may inform underwriting and loss projections.
By combining iVision’s existing data relationships with EigenPrism’s multi-provider framework, the system allows for additional flexibility in analysing events and conducting sensitivity testing. Updated geo-visualisation and reporting tools provide further support for risk assessment, claims planning, and broader portfolio management.
Deepak Badoni, President and Co-Founder of EigenRisk, commented: “Our partnership with BMS continues our long-standing track record of collaborating with industry thought leaders to deliver actionable analytics at the point of decision making, from exposure management and underwriting, to event response. The BMS iVision team has already been instrumental in initiating several key enhancements to the platform from new data feeds to usability improvements.”
Andrew Siffert, Head of Global Peril Advisory at BMS, said: “As a leading global broker, we know that unlocking the value of client data is critical to delivering meaningful insights and exceptional service. Integrating EigenRisk’s leading technology into iVision creates a powerful, end-to-end platform that helps clients reduce claims through advanced alerting, manage large losses in high-exposure areas, and build more resilient, profitable portfolios.”
