Kipi Insurance DataHub - Marginal Aggregation Impact

Insurers often manage exposure aggregations at specific geographic dimensions. As insurers fill up capacity in certain regions, it is imperative for underwriters to understand the impact to capacity levels a new account will have. Understanding the exposure impact is difficult due to delays in data and the inability to quickly compare new business to the inforce portfolio.

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This solution enables insurers to assess and monitor aggregation and concentrations of risk in real-time. By storing their inforce portfolio on Snowflake and utilizing Snowflake’s geospatial functions, insurers can understand the impact of adding new business to existing aggregation levels prior to committing to the risk.

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Simply enter in the city, county, state, and insured value of the new account. Select the table that contains your inforce portfolio. Run the marginal impact and review the insured value impact for the specific regions the new business contains and critical regions such as hurricane, earthquake, or terrorism regions.

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By accurately understanding and managing this risk in real-time, insurers can significantly enhance their ability to manage aggregation levels. This proactive approach can lead to more effective risk management strategies, improved underwriting decisions, and enhanced portfolio diversification.

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Interested in automating the process, integrating into your current quoting process, or incorporating complex policy terms? We have solutions for primary lines, excess and surplus, property, workers compensation, terrorism, and more! Reach out to Kipi.ai to learn how we can help implement this for you.