AI-powered solution digitizes and enhances property risk data; delivers real-time actionable insights
New York | April 7, 2022
Marsh, the world’s leading insurance broker and risk advisor, today announced the launch of a new property analytics solution that will transform how clients around the world manage their property risks from a slow, manual process into a digital experience with real-time, on demand actionable insights.
The new solution, part of Marsh’s Blue[i] digital analytics suite, digitizes clients’ primary risk data — including construction, occupancy, protection, and exposure data — and uses artificial intelligence and machine learning to identify anomalies and other issues to bolster the data’s quality. By feeding this data into other Marsh analytics solutions, such as catastrophe modeling and risk finance optimization, clients can, in real-time, view and quantify their property risks and assess risk mitigation, retention, and transfer options.
Among the actionable insights, clients are able to:
- Quickly assess the impact of changing property portfolios on their risk profiles.
- Determine if assets are likely to be affected by hazards associated with natural disasters.
- Easily identify and prioritize risk mitigation strategies that have the greatest impact on their portfolio.
- Differentiate their risk with underwriters and optimize placement outcomes.
“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.”
