Open Xposure
Open Xposure risk assessment software from Sword Intech is used extensively by underwriters and captive insurers of location-based assets in the Lloyd's and Companies markets to effectively manage their risk exposure aggregations globally for all major classes of business.
A key decision-making tool, Open Xposure offers advanced aggregation capabilities enabling insurers to effectively monitor exposure to help analyse the levels of risk against a variety of live, historic and "what-if" natural and man-made disaster scenarios, such as hurricanes, earthquakes, terrorist attacks and floods.
Open Xposure aids the underwriting evaluation process, for planning and arranging outward reinsurance protections and for completion of regulatory requirements (such as Lloyd's Realistic Disaster Scenarios). Insurers can evidence that they have made decisions safe in the knowledge that they have a clear picture of potential losses, thereby allowing underwriters to utilise their capacity in the most effective manner.
Open Xposure has the flexibility to support complex reporting based on geographic location, the peril and class of business, the policy limit and deductibles and is used for all major classes of business including Property & Casualty, Property Treaty & Binders, Contingency, Onshore Energy & Petrochemical, Offshore Energy and Terrorism.