Sompo International is leveraging catastrophe modeling firm AIR’s casualty analytics platform, Arium, for multi-line liability risk analysis. Further complimenting Sompo International’s innovative approach to calculating casualty exposures, the Arium solution provides a clear and efficient way to quantify liability and loss potential across multiple commercial liability lines of business.
Paul McEwan, Risk Analytics Director at Sompo International, said, “By leveraging Arium, we’re able to gain new insights into the nature of our liability exposures and the types of events and threats that can impact our portfolio. The Arium platform helps us to identify accumulations of exposures that may otherwise appear independent and to assess the quantum of risk associated with them. As a result, we can make informed decisions to increase the resilience of the portfolio in the face of an uncertain and unpredictable risk landscape and to more efficiently and robustly deploy our risk capital.”
Satyan Sawhney, deputy CRO and head of risk analytics at Sompo International, added, “The Arium solution is an important component of our overall risk management framework and, taken together with the support and insight that the Arium team provides, will substantially improve our ability to understand, manage, and mitigate liability risk.”
Read the press release issued earlier today by AIR Worldwide.