Swiss Re Impact + now powered by S&P Global Market Intelligence data
There are lots of ways to boost a vehicle's performance: free-flowing exhaust systems, test piping, free-flow air filters, turbochargers, even enhancing a vehicle's computer system. The same principle applies with insurance. Adding new sources of data with the right analytics can unlock advantages that were previously unattainable.
Swiss Re is proud to add S&P Global Market Intelligence financial data to Impact +, its analytics toolkit that helps insurance companies enhance their underwriting. From a single web portal, clients can "look under the hood" and diagnose what's causing portfolio underperformance so they can balance their engine.
"We're excited to add financial data from S&P Global to our analytics suite, bringing a new vantage point to a broader client base," says Duare Perez, Head P&C Analytics Americas at Swiss Re. "Clients can do a deep dive into sub-segments and states, connect accident year to calendar year performance, compare risk and return metrics, or anticipate required actions to manage their balance sheets."
Perez continues: " Insurers no longer have to rely solely on omnidirectional data to steer their portfolio. The combination of data and analytics delivers a multidimensional view of the portfolio along with actionable insights to help our clients map their journey with confidence."
Impact + Motor Insights harvests and aggregates data from a number of sources, including S&P Global Market Intelligence, ISO, HLDI and TNEDICCA, then combines Swiss Re models and cat models to achieve peak torque in the following ways:
- Understand how portfolio and rate changes affect your return on capital
- Compare your performance to peers or the market
- Identify where and when to deploy capital
Armed with Motor Financial Insights, insurers can identify their top drivers of economic value and how these compare to the rest of the industry to power their growth. They can prepare and prevent adverse capital events by hedging against threat scenarios that are unique to their business.
Insurance is quickly becoming like a Formula One competition, where companies have to balance performance, resilience and an immense amount of analytics.