Our toolbox

Pioneering the way we deliver construction and infrastructure insurance

Nat Cat ModellingParametric insurance Climate forecastingManagement information (MI)Risk engineering

Understand your risks. Save money on insurance.

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Our comprehensive toolbox includes a diverse range of tools and resources, all specifically designed to support our core services.

These tools allow our construction and infrastructure insurance team to deliver the best possible outcomes for our clients.

 

Nat Cat Modelling

Our in-house tool can provide you with meaningful data on your site-specific exposure to natural perils.

Driven by data, the tool analyses the potential impact that natural catastrophes could have at each stage throughout an entire project. You can obtain a better understanding of the potential loss severity, leading to more informed decisions around limits and deductibles, as well as how to best balance capacity and risk appetite. Plus, the tool is completely free of charge.

storm with clouds and thunder in the sky

Parametric Insurance

Parametric insurance provides a pre-defined payout when the occurrence of an insured event triggers a policy by meeting the specified thresholds defined in the policy.

Parametric claims provides a number of advantages, including speed of payment  – often within days or weeks; this speed of claim processing offers liquidity when needed (and avoids associated issues, such as loss creep).

The perils covered include weather related events and natural catastrophes, including:

  • Tropical cyclone
  • Earthquake
  • Snow
  • Rain
  • Wind
  • Wildfires
     
wildfire

Climate forecasting

Our Climate Risk & Resilience team have developed market-leading analytics to empower you to have foresight on your future climate risks.

Using current data, our team can analyse the impact that extreme climate perils such as coastal flooding, sea level rise and windstorm events, may have on the future state of construction and infrastructure projects, if exposed.

Having sight of this can support you to make more informed decisions around your risk financing needs, and mitigation measures to help improve the future resilience of your assets and operations.
 

Data at your fingertips

Using your data, we create a bespoke dashboard, enabling you to conduct meaningful trend analysis, including:

  • Accurate data

    On your insurance programme, whenever you need it

  • Board Reporting

    Quality management and reporting information

  • Exposure

    Assets mapped to show exposure to natural perils

  • Claims Data

    Accurate ‘on demand’ claims data including analysis

Allocation workbooks

In partnership with the Analytical Team, we've created a premium allocation workbook, which can assist you with internal charge-outs and insurance cost recovery.

The workbook allocates premium across numerous subsidiary companies based upon three variables; exposure, claims costs and perceived risk ratings.

The workbook allocates premium across numerous subsidiary companies based upon three variables; exposure, claims costs and perceived risk ratings.

Once all the data is loaded and the various criteria selected, the workbook will run a series of calculations to allocate the relevant premium across the subsidiary companies within the thresholds selected. This premium is converted to a specific premium rate for each subsidiary business which can be used for insurance cost recovery purposes and inter-company league tables to promote good risk management practices.

crane on building site

Risk Engineering

It’s our business to work with you to improve your facilities’ risk profile, to optimise your insurance coverage and to represent your facility correctly to the Insurers. We listen diligently to understand your specific requirements and tailor a unique risk engineering program for you.
 

Risk engineering services we provide

  • Construction

    Erection All Risks (EAR), Construction All Risks (CAR) and Delay In Start up (DSU) risk engineering reports

  • Operational

    Operational and construction surveys

  • Key energy occupancies

    Including upstream and downstream oil and gas, power generation, wind, solar, hydro and bioenergy

  • Risk management

    Risk management programme coordination

  • Risk reviews

    Major project risk reviews

  • Risk improvement

    Identification of risk improvement areas

  • Loss scenarios

    Evaluation of loss scenarios and estimated maximum loss (EML)

  • Technical reviews

    Technical review of prototypical technology from an insurance and business risk perspective

  • Political Violence, Sabotage and Terrorism (PVST) assessments

    For clients across property, construction and energy sectors

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