With the increasing sophistication of clients, underwriters and capital in the insurance market the modern standard of data quality continues to grow, and we take full advantage of the increased information available and provide our clients with greater knowledge and information flow dynamics to narrow the gap.
Client data is scrutinised for its completeness and robustness of detail throughout the insurance chain. Today’s insurance industry has an ever increasing appetite for superior data to better understand their own pricing adequacy, enable efficient deployment of capital efficiently and minimise risk.
The Price Forbes Data Solutions team has decades of experience in analysing client data and providing awareness and evaluation of risks of varying types from long-tail exposures to short-term risks. With our latest digital tools we can provide clients with further insight and opportunity. Our aim is to empower the client using data analytics and maximise the best terms from the markets on their behalf.
Our experienced Data Solutions team provide Cat Modelling Analytics from single property locations to global client portfolios, specialising in considered evaluation and explanation of the complex area of catastrophe peril assessment in the insurance and reinsurance market. Using proprietary tools and systems we are able to bring client data alive.
Actuarial & Analytics
Our actuarial & analytics capability combines traditional actuarial methods with the latest data science techniques to provide understanding for our clients. Using a wide range of methods from actuarial projections, market pricing methods, Monte Carlo simulations, data visualisation, and the latest machine learning techniques we make use of these tools to help optimise our clients’ needs in today’s marketplace.
Ultimately we deliver a fully bespoke risk modelling package. This enables our clients to gain an edge over both pricing forecasting and limit purchasing, offering a detailed insight into modern market analytics.