Using data to know the risk of your growing business

There is always risk in growth. The more we understand the risks, the more we can be prepared. With Swiss Re's Data Analytics Solutions, clients can find the perfect balance between their growth ambitions and the impact those new risks will have on their portfolios.

Swiss Re is leading the Data Analytics revolution in insurance with a range of best-on-class range of services that are supporting our insurance clients around the globe. But it's not only clients who benefit from these services. Swiss Re's own successful growth ambitions are supported by many of the same portfolio analytics and steering tools that we share with our client.

Take the example of SwiftRe®, our fully-automated online submission platform for simple facultative business. Those clients who already know SwiftRe® for their engineering and property risks have also expressed an interest in extending this tool to other lines of business. As we SwiftRe grows and transforms into the much-anticipated SwiftRe® 2.0, we need to understand the risks that this growth will introduce to our portfolio.

Using the data in the SwiftRe® platform, our data Analytics teams have developed a powerful simulation engine which can be deployed to investigate the effect of changes in underlying risks and parameters.

This means the team have real time data to understand the impact of price changes or changes in the portfolio composition.

The simulation engine provides SwiftRe® with additional data-driven insights for performing simulations on the portfolio and assessing the impact of changes to the underwriting before going to test or launch on the market. These insights can be visually represented and presented in a form that allows for fast decision making on growth opportunities.

The simulation engine is just one of the tools which we use to understand our growth opportunities.

Want to know more about how this type of Solution could fit your business?