QOMPLX has introduced its Q:HELM marketplace, a multi-vendor cloud environment that allows customers to access data, models, and analytic services to create a more dynamic and complete view of their own unique insurance risks.
The platform enables users to run numerous scenarios against real or hypothetical portfolios to evaluate potential exposure, impacts, or losses.
Jason Crabtree, CEO of QOMPLX commented: “Our successful work supporting key global insurance industry leaders and a growing list of partnerships have continued to elevate our capabilities to address data interoperability issues.
“The QOMPLX Risk Cloud and the new Q:HELM module provide expanded data infrastructure and modelling capabilities to support growth and innovation across the insurance industry.”
Q:HELM is in the process of building an ecosystem for models and data that address some issues which the insurance industry faces.
Hazard, exposure and loss modelling is core to insurance operations and requires continual updates as portfolios, risk factors, hazards and vulnerabilities change rapidly in the marketplace.
Steve Smith, Director of Product and Modelling at QOMPLX added: “These capabilities offer the insurance industry powerful and dynamic ways to better quantify and predict risk.”