P&C broker Lockton Companies has adopted EigenRisk’s software for catastrophe exposure analytics. The platform, called EigenPrism, is designed to meet the needs of clients with significant exposures to natural disasters.
“As risks confronting our clients become more complex, we constantly look for solutions to help them evaluate their exposures around the world more effectively,” said Justin VanOpdorp, chief analytics officer of Lockton, in a press release. “The tools, data and analytics available through EigenPrism significantly enhance our ability to assess, mitigate, and manage the varied and challenging catastrophic risks businesses face today.”
Lockton, which has 48,000 customers worldwide, was an early user of EigenPrism’s beta releases. In fact, the company helped evaluate and refine many of the features currently available on the platform. The software allows Lockton’s experts to help clients gauge catastrophic exposures, allocate resources for disaster planning and negotiate related coverages more effectively with underwriters.
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