Gen Re Intermediaries is not in the business of uncovering operational risk for its clients; the Stamford, Conn.-based subsidiary of Gen Re advises property/casualty insurers on their catastrophe risk. But, the company uses mapping technology to visually depict property catastrophe exposure for its clients, and, in the process, it helps them uncover their data entry errors."One source of operational risk is data entry where you've captured incorrect policy information-whether it's coverage data, location data, or limits data," says Anthony Summar, head of catastrophe modeling at Gen Re Intermediaries.
Using a tool developed by Troy, N.Y-based MapInfo Corp., Gen Re Intermediaries imports policy data from its clients, geo-codes it and produces maps that illustrate their geographic exposure.
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