PCS Launches Global Marine and Energy Solution
(Thomson Reuters ONE) -
PCS Launches Global Marine and Energy Solution
Nonelemental Historical Industry Loss Estimates and Risk-Transfer Index
JERSEY CITY, N.J., April 5, 2017 - Property Claim Services(®) (PCS(®)), a Verisk
Analytics (Nasdaq:VRSK) business, has launched PCS Global Marine and Energy, its
first solution outside the property-catastrophe sector. The new loss aggregation
service provides industry loss estimates for ocean marine and offshore energy
events likely to exceed $250 million worldwide.
PCS launched the new service because of direct market feedback indicating the
need for disciplined, independent, and reliable industry loss estimates for
marine and energy. With PCS Global Marine and Energy, insurers, reinsurers, and
other stakeholders in the global risk and capital supply chain can gain access
to an unbiased view of the industry loss for large nonelemental events around
the world. Additionally, they can use the index to facilitate reinsurance and
alternative risk-transfer transactions, an area where the need for a loss
aggregation service has been widely recognized.
"Our clients have been clear: The industry needs a loss aggregation solution for
global marine and energy," said Tom Johansmeyer, assistant vice president, PCS
Strategy and Development. "We've invested considerable time and effort to launch
PCS Global Marine and Energy based specifically on this feedback. With a
consistent, rigorous approach to loss aggregation, our new solution should help
companies understand losses and transfer risk more effectively. The market
spoke, and we listened. We're happy to provide the help the industry has sought
for so long, and we look forward to working with our clients further so they can
maximize their use of this solution."
"Loss aggregation is important beyond property catastrophe, and we've developed
a process focused on the specific needs of this sector while remaining
consistent with the retrospective view PCS takes on loss events," added Ted
Gregory, director of PCS Operations. "As with any event, we'll stick to a
defined methodology to arrive at consistent, independent, and reliable industry
loss estimates."
PCS Global Marine and Energy already has estimates for several events, including
Deepwater Horizon, Costa Concordia, Gryphon Alpha, and Jubilee. And PCS expects
the full historical database-dating back to 2009-to be completed soon. For this
sector, PCS reviews insured loss events likely to exceed $250 million,
consisting of energy physical damage, marine hull, marine cargo, and liability.
About Verisk Analytics
Verisk Analytics (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services. Using
advanced technologies to collect and analyze billions of records, Verisk
Analytics draws on unique data assets and deep domain expertise to provide
first-to-market innovations that are integrated into customer workflows. Verisk
offers predictive analytics and decision support solutions to customers in
rating, underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting, and many other
fields. Around the world, Verisk Analytics helps customers protect people,
property, and financial assets.
Headquartered in Jersey City, N.J., Verisk Analytics operates in 27 countries
and is a member of Standard & Poor's S&P 500(®) Index. In 2016, Forbes magazine
named Verisk Analytics to its World's Most Innovative Companies list and to its
America's Best Large Employers list. Verisk is one of only 14 companies to
appear on both lists. For more information, please visit www.verisk.com.
Contact:
Giuseppe Barone/Erin Bzymek
MWWPR (for Verisk Analytics)
201-507-9500
gbarone(at)mww.com
ebzymek(at)mww.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Verisk Analytics Inc. via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 05.04.2017 - 13:00 Uhr
Sprache: Deutsch
News-ID 534660
Anzahl Zeichen: 4652
contact information:
Town:
Jersey City
Kategorie:
Business News
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"PCS Launches Global Marine and Energy Solution"
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