Article / Risk Management
EigenPrism Maps Hurricane Exposure of Client Properties

Hurricane Irma is hurling through the Caribbean islands and likely headed for the US mainland, leaving many businesses wondering what kind of damage they should expect. Our team is using a new catastrophe analytics tool called EigenPrism that helps our clients map their property exposure during disasters like Hurricane Irma.

“The tool is very flexible, looking at big storms like a hurricane, a major flood, tornadoes, climate change situations and just about anything relative to risk for a property,” said Jeff Tennis, Lockton’s manager of catastrophe analytics.  “We’ve got 24 hours a day, seven days a week automated notices being pushed out to our servicing teams. It has exponentially reduced our manual work, and it gives our clients a much better answer for what they could be facing. It’s a service we offer at no extra cost.”

The Kansas City Business Journal reports how EigenPrism helped Lockton’s client service teams in assisting clients with property risk during Hurricane Harvey. As actual data on the storm damage came in, the system shifted from forecasts to loss assessments. Learn more about the tool here

    
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