Risk Management Platform Recognized for Innovative Use of Business Intelligence and Data Warehousing Technology
New York, July 2, 2008 – Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today announced that its i-aXs® online risk management platform has received the 2008 TDWI Best Practices Award in the Radical Business Intelligence category, for its outstanding use of business intelligence (BI) and data warehousing (DW) technology. The award will be presented to Guy Carpenter at The Data Warehousing Institute�s world conference, taking place August 17-22 in San Diego, California.
The Radical Business Intelligence award honors organizations that have gained a competitive advantage by creating radical new approaches to address problems or issues where traditional methods have failed or proven cost-prohibitive. An independent panel of judges with expertise in both BI and DW selected the winners of the TDWI Best Practices Awards. Submissions are evaluated based on four criteria: business impact, maturity, innovation and relevance.
�We are honored to receive this award from TDWI and thank the panel for recognizing the groundbreaking work that i-aXs has achieved,� said Ryan Ogaard, Managing Director and Global Leader of Guy Carpenter�s Instrat® unit. �Since its introduction in 2006, i-aXs has emerged as a game-changing platform for the insurance industry. We are committed to continuing to build on its functionality with more leading-edge features, greater global reach and new ways to manage and understand risk information.�
i-aXs is a unique online data and exposure risk management platform that provides insurerswith a full suite of web-enabled tools, allowing them to more efficiently manage exposure and loss data, mine data and analyze real-time catastrophe information.
Since its launch, more than 2,000 users at Guy Carpenter client companies have leveraged the i-aXs platform to perform vital risk management functions. In addition to the TDWI Best Practices Award, Guy Carpenter has received a number of other industry and technical awards, including the Oracle Spatial Excellence Innovator of the Year Award, MapInfo�s Meridian Award for Organizational Impact and MicroStrategy�s Best Practices in Business Intelligence Award in the Extranet Deployment category.
About Guy Carpenter
Guy Carpenter & Company, LLC is the world�s leading risk and reinsurance specialist and a part of the Marsh & McLennan Companies. With 50 offices worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital market solutions* for clients across the globe. The firm�s full breadth of services includes line of business expertise in Agriculture; Aviation; Casualty Clash; Construction and Engineering; Excess and Umbrella; Life, Accident and Health; Marine; Medical; Political Risk and Trade Credit; Professional Liability; Property; Retrocessional Reinsurance; Surety; Terrorism and Workers Compensation. GCFac® is Guy Carpenter�s dedicated global facultative reinsurance unit that provides placement strategies, timely market access and centralized management of facultative reinsurance solutions. In addition, Guy Carpenter�s Instrat® unit utilizes industryleading 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.