New York, May 9, 2007 — Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist and a part of the Marsh & McLennan Companies (NYSE: MMC), today announced that its i-aXs risk management platform has received the 2007 MapInfo Meridian Award for Organizational Impact in recognition of its innovative mapping technology and outstanding
use of location intelligence. The award was presented today at MapWorld 2007 in Seattle.
“For insurance companies, there is perhaps no factor more critical than location,” said Craig Bedell, Director of Global Insurance, Pitney Bowes MapInfo. “This award is focused on recognizing organizations that are using mapping technology and information in new, innovative and impactful ways. i-aXs, with its ability to help clients visualize their portfolio exposures and losses at a granular level, is an excellent example of leveraging location intelligence to increase productivity and enhance profitability. All of us at Pitney Bowes MapInfo congratulate Guy Carpenter on receiving this year’s Meridian award.”
The innovative i-aXs platform uses cutting-edge location intelligence technology and data analysis tools to provide insurers with access to near real-time exposure data, as well as the ability to manage and visualize their portfolios of exposures through an easy-to-use, webbased interface. The platform, which was built using Pitney Bowes MapInfo expert services’ team, world-class geocoding capabilities and global data technology, is tightly integrated with Guy Carpenter’s risk management expertise and technical support and is designed to help insurers make faster, more informed portfolio risk management decisions.
“We are honored to receive this award from Pitney Bowes MapInfo and thank them for recognizing i-aXs,” said Ryan Ogaard, Managing Director and Global Leader of Guy Carpenter’s Instrat® unit. “This achievement is a testament to our entire team’s hard work, not just in using the latest in mapping and location technology, but doing it in a user-friendly way that has a tangible strategic and bottom-line impact for our clients. The response of the market to i-aXs has been outstandingly positive, as insurers see the benefits that real-time visualization can bring to their decision-making process.”
Guy Carpenter & Company, LLC is the world’s leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. Guy Carpenter creates and executes reinsurance and risk management solutions for clients worldwide through 2,600 professionals across the globe. The firm’s full breadth of services includes 16 centers of excellence in Accident & Health, Agriculture, Alternative Risk Transfer, Environmental, General Casualty, Investment Banking*, Life & Annuity, Marine & Energy, Professional Liability, Program Manager Solutions, Property, Retrocessional, Structured Risk, Surety, Terror Risk, and Workers Compensation. In addition, Guy Carpenter’s Instrat® unit utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm’s clients more successful. Guy Carpenter’s website address is www.guycarp.com.