Insurance Technology, Risk Scoring and Peril Insights
Athenium Analytics offers powerful cloud-based tools to optimize the claims, underwriting and QA processes for insurers. Our rich data sets and machine learning expertise create products that help insurers measure, manage and mitigate portfolio risk.
Innovation in the Age of Information
In the United States alone, over one-third of GDP is impacted by weather. Harnessing historic weather and event data, Athenium Analytics builds predictive models to assess changing exposures and new opportunities. Our easy-to-use web apps help carriers, brokers and reinsurers protect their bottom line while growing their top line.
From understanding why underwriting practices have gone awry to predicting natural hazard events, Athenium Analytics uses configurable software platforms and state-of-the-industry data science to get you the answers you need. We draw on vast amounts of data to provide aggregated performance insights to our partners, allowing them to strengthen operational quality and financial outcomes.
Who Uses Us
Our quality assurance, risk assessment and event verification tools give carriers a window into their internal performance and business exposure, highlighting opportunities to expand programs.
Quality Assurance Professionals
Make progress on your leakage rate and targeted claims ratios.
Improve risk selection.
Claim Adjusters and Managers
Assess and triage claims resulting from weather conditions such as our high-resolution hail, rain and wind data.
Make smart pricing decisions with statistically stable, historically based natural hazard risk frequencies and severities across CAT and sub-CAT events.
Be the first to provide specific weather conditions and alerts to policy-holders and aid in their weather mitigation activity.
Optimize your portfolios across sectors, programs and geography. Calculate MPL without the black box. Leverage landfall probabilities from the world’s best hurricane and tropical storm ensemble forecast. Measure attritional losses over time — including those caused by convective systems, floods, and hail.
Decision Support for Insurance
Beacon’s customized weather alerts let insurance companies send messages and alerts to users, from alerting policyholders to move their cars inside during hailstorms to warning store managers of freezing rain that may cause slips and falls.
Assessing weather risk for underwriting can be difficult and tedious. Gauge allows insurers to strengthen their business portfolio by providing enhanced analysis of weather risk for multiple perils in an easy-to-use online application.
teamthink optimizes the claims and underwriting QA review processes to deliver valuable organizational insights that lead to profitable operational change.
A forensic claims tool designed for insurance professionals, Dexter represents an innovative new method of verifying weather-related P&C and crop insurance claims.
Underwriting and renewing property policies requires up-to-date information about the structures and property. IRIS uses patent pending machine vision techniques to get property data most associated with potential claims into the hands of underwriters while they’re making decisions.