Client portfolio and risk management platform designed to seize growth opportunities and drive profitability
Stamford, Conn. (Oct. 26, 2015) – Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Companies, has announced the release of GC AdvantagePoint®, a pioneering portfolio and risk management platform. GC AdvantagePoint is designed to help insurance companies translate vast amounts of data to help leaders set strategy and improve underwriting profitability, understand risk concentration and make more informed risk selection and deliver real-time catastrophe tracking and improved claims management.
“GC AdvantagePoint arms our clients with a distinct business advantage by transforming massive amounts of data into actionable strategy,” said Tim Gardner, CEO of US Operations for Guy Carpenter. “Guy Carpenter has a longstanding, proven history of investing in innovation and GC AdvantagePoint is our latest advancement in our legacy of helping clients manage catastrophe risk. The launch of GC AdvantagePoint clearly illustrates our ongoing commitment to delivering state-ofthe- art solutions for our client’s increasingly complex business challenges.” GC AdvantagePoint equips users with the critical intelligence needed to build future strategy by providing a deeper understanding of existing risks, as well as macro-level portfolio insights and the ability to drill down into specific policies. The platform delivers responsive, rapid information with a range of export capabilities that allows users to easily share data. In fact, the extensive database features insights from the industry’s broadest library of hazard data. GC AdvantagePoint also provides an agile development structure that can be customized and bespoke for each client’s unique needs.
The platform further concentrates on empowering users in the following primary functions:
- Profitability & Planning: Designed for C-Suite insurance leaders to help plan, view, calibrate and set strategy to achieve optimal portfolio mix, disciplined underwriting, and grow profitably.
- Underwriting: Allows users to uncover and visualize geographic concentrations of risk within a portfolio or to evaluate potential hazard risk such as terrorism, coastal windstorm or custom determined client hazards for a more complete picture of risk. Empowers more informed risk selection with an in-depth view of a new policy prior to binding through metrics such as accumulation and hazard assessment.
- Event Response: Real-time catastrophe tracking to identify the potential impact of a catastrophe to help risk managers set their cat response deployment and manage claims processes.
From a functionality standpoint, the platform is designed to provide an intuitive user-experience that is highly visual, with geographical insight that is easily identifiable. GC AdvantagePoint also harnesses the intelligence of Guy Carpenter’s industry-leading portfolio management solution, GC ProfitPoint+®, which enables insurance companies to examine and improve profitability.
“The inspiration behind GC AdvantagePoint was to develop a platform that would be both nimble and functional,” said Kevin Griffiths, Executive Vice President at Guy Carpenter. “The platform empowers stakeholders across different levels of an organization – from claims professionals, underwriters, catastrophe modeling and analytics teams, as well as C-Suite leaders – with the flexibility and functionality to better understand their risks and continuously evolve in-step with the changing marketplace.”
About Guy Carpenter
Guy Carpenter & Company, LLC is a global leader in providing risk and reinsurance intermediary services. With over 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; cyber solutions; excess and umbrella; excess and surplus lines; healthcare & life; marine and energy; mutual insurance companies; political risk and trade credit; professional liability; property; retrocessional reinsurance; surety; terrorism and workers compensation. GC Fac® 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, GC Analytics®** utilizes industry-leading quantitative skills and modelling tools that optimize the reinsurance decision-making process and help make the firm’s clients more successful. For more information, visit www.guycarp.com.
Guy Carpenter is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy and people. With annual revenue exceeding $13 billion, Marsh & McLennan Companies’ 57,000 colleagues worldwide provide analysis, advice, and transactional capabilities to clients in more than 130 countries. through: Marsh, a leader in insurance broking and risk management; Mercer, a leader in talent, health, retirement, and investment consulting; and Oliver Wyman, a leader in management consulting. Marsh & McLennan is committed to being a responsible corporate citizen and making a positive impact in the communities in which it operates.
Visit www.mmc.com for more information.
*Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/NFA/SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities (Europe) Ltd. (MMCSEL), which is authorized and regulated by the Financial Conduct Authority, main office 25 The North Colonnade, Canary Wharf, London E14 5HS. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities (Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product.
**GC Analytics is a registered mark with the U.S. Patent and Trademark Office.
SOURCE: Guy CarpenterTags: Guy Carpenter