|
LONDON--May 11, 2012: ACE and Willis Re Analytics today launchedthe ACE Cat Web platform to help companies evaluate their owncatastrophe exposures, as well as those of their suppliers andcustomers, as part of ACE's commitment to help businesses preparefor changing risk in an increasingly globalised world. "2011 provided a wake-up call for many companies. Last year anumber of disasters, from the Japanese earthquake and tsunami tothe Thai floods, underlined the importance for every business ofunderstanding the risk exposures they face from increasingly globaland ever more complex production and supply chains." Following the worst-ever year for global catastrophe losses in2011, which highlighted the vulnerability of many companies'operations to supply chain interruption, the web-based platform isdesigned to help businesses understand better their catastropherisk profile and accumulations in different locations. Using information on earthquake, storm and flood risk madeavailable by risk modelling agency RMS along with informationprovided by the client, the ACE Cat Web Platform provides a uniqueon-line visualisation of the relative exposures that the clientfaces worldwide using a colour-coded global mapping feature.Satellite imagery can then be used to provide more detailed riskassessments of local risk by ACE's engineering specialists. Theplatform can also be used to view past and current global naturalhazard activity, including earthquake, storm and flood events,using data from USGS (the US Geological Survey). ACE will make theplatform available to its risk engineers advising existing andpotential new customers. Commenting on the launch, Derek Talbott, Executive Vice Presidentof ACE International said: "2011 provided a wake-up call for many companies. Last year anumber of disasters, from the Japanese earthquake and tsunami tothe Thai floods, underlined the importance for every business ofunderstanding the risk exposures they face from increasingly globaland ever more complex production and supply chains." "The ACE Cat Web Platform allows us to help clients by identifyingmore precisely the natural catastrophe exposures they face as aresult of doing business across multiple locations and working withsuppliers and customers who may be exposed to the same risks. Bypinpointing accumulation hot spots, companies can better assess thestrengths and weaknesses of their supply chains and ACE can moreeasily work with them to develop the right programmes to manage therisks." Rowan Douglas, CEO Global Analytics, Willis Group, added: "Willis is delighted to support ACE's Cat Web Platform using ourmarket-leading mapping and analysis technologies. Cat Web willprovide rich insights for firms wanting greater control of theirbusiness continuity, underpinning ACE's efforts to help clientsmanage their own catastrophe exposures and those generated by theirsupply chains." About ACE: The ACE Group is one of the world's largest multiline property andcasualty insurers. With operations in 53 countries, ACE providescommercial and personal property and casualty insurance, personalaccident and supplemental health insurance, reinsurance and lifeinsurance to a diverse group of clients. ACE Limited, the parent company of the ACE Group, is listed on theNew York Stock Exchange and is a component of the S&P 500 index. About Willis Re Analytics: Willis Re Analytics helps clients around the globe quantify risk inorder to support key business decisions. Professionals specialisingin catastrophe modelling, actuarial science, financial analysis andenterprise risk management work as integral members of each clientteam, ensuring seamless access to their expertise. Using a range ofadvanced analytical techniques, Willis Re Analytics deliversactionable, practical results to address real-world businessissues. The Willis Research Network offers further support throughopen academic research and the development of new risk models andapplications. The e-commerce company in China offers quality products such as Metal Medical Cabinet Manufacturer , China Ambulance Stretcher Trolley, and more. For more , please visit Medical Hospital Beds today!
Related Articles -
Metal Medical Cabinet Manufacturer, China Ambulance Stretcher Trolley,
|
