Insurance broker and risk advisor Marsh has announced the launch of a new property analytics solution that aims to digitalise the manual processes involved in managing property risks.
The new solution, part of Marsh’s Blue[i] digital analytics suite, digitizes clients’ primary risk data, including construction, occupancy, protection, and exposure data.
It then uses artificial intelligence and machine learning to identify anomalies and other issues to bolster the data’s quality.
By feeding this data into other analytics solutions, such as catastrophe modeling and risk finance optimization, clients are then able to view and quantify their property risks and assess risk mitigation, retention, and transfer options.
“Today’s ever-evolving and volatile risk landscape requires more than just static views for risk planning; it requires a dynamic solution that enables business leaders to respond to a changing environment in real time, anchored by data insights,” said Mike Rouse, US Property Practice Leader, Marsh.
“Through improved data quality and improved modeling accuracy, Marsh is enabling clients to reduce uncertainty and make more accurate, informed property risk decisions.”
