Questerra announced the release of its Internet-based visual decision support and analysis service that provides an innovative solution for minimizing risk across lines of insurance business.
Questerra offers Web-based decision support services that allow risk management decision makers to better analyze and manage the risk associated with policy writing, and aid with the creation of a book of business that can increase revenues while simultaneously managing downside liability. Questerra’s location-based insurance solutions – tailored to risk managers and underwriters – are designed to link disparate corporate and public domain datasets in a new visual context, enable secure collaboration over the Web, and allow risk managers to fully assess, manage, and mitigate risk at a macro level across an entire book of business.
Now as part of writing each policy, underwriters have a Web-based tool that can rapidly check against preset limits and exposure, delivering an underwriting solution that ensures consistent decision making across the organization.
With visually enhanced analysis tools, insurance analysts and professionals can quickly perform analyses that incorporate multiple methods of identifying risks associated with natural and man-made disasters. New types of policies can be developed and strategically marketed, clients can be identified for terrorist-specific policies, and underwriters can avoid overexposure to risks by insuring clients in locations where potential liabilities exceed the company’s risk thresholds.
Easy-to-use color-coded spatial maps serve as interactive tools rather than static reports, which allow decision makers to adjust underlying assumptions visually using the Questerra solution.
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