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What’s new: Dynamic exposure calculations, historic exposure extract and more

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Insurwave Team
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Contents

Summary

Check out our latest releases:

  • Dynamic exposure calculations
  • Aviation historic exposure extract
  • Marine exposure extract line share

Dynamic exposure calculations now visualised on the risk map

Our system now automatically calculates exposure for each policy within a selected zone, factoring in policy aggregates that apply and adjusting the figure based on the policy’s line share. You'll also see the total exposure for the entire zone, ensuring a clear and accurate view of your risk.

Dynamic exposure calculations

Aviation historic exposure extract

You can now request an extract with the list of aircraft and their total insured values for a historic point in time - directly from the risk map for any zone. This means greater flexibility and deeper insights into past exposure, helping you make more informed decisions with ease.

The extract generated will detail all aircraft within the requested zone at the requested time and date, provided the aircraft transmitted a position within the 12 hours leading up to the requested time.

We’ve also made a number of performance changes with scalability in mind, specifically to accommodate larger asset portfolios such as Property, Terror, Marine Liability & Marine Cargo. These changes include:

  • Optimised rendering speeds: View over 100,000 assets within seconds.
  • Dynamic asset loading: The Risk Map now loads relevant details as you zoom in and out, improving efficiency and user experience.

historic exposure

Marine exposure extract now includes line share percentage

Marine exposure extracts now feature the line share percentage, enabling underwriters and exposure managers to report more accurately on their exposure positions for a given set of marine assets within a zone.

line share %

Coming soon

  • Zone Exposure Extract will include calculated Exposure (Net of Policy Agg Limit & Line Share), starting with live extracts and later extending to historic extracts. This will allow for more detailed and accurate reporting of event and/or standard accumulation exposures.
  • Zone Exclusions will be factored into calculated exposures, ensuring a more precise and comprehensive analysis where exclusions have been applied.

  • Aviation Historic Exposures will be available as far back as May 2024, offering increased flexibility and a broader view of past data. As time progresses, you'll be able to access more historic data, always with a minimum of May 2024.

  • Aircraft Tracking Enhancements through the integration of Flightradar, providing improved real-time visibility and monitoring capabilities.

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