OnRisk has invented, and is now offering for commercial adoption, a new digital platform technology called ViziRisk™ to be used for structuring the complex, high-value property & casualty (P&C) risk arising from natural catastrophes, global warming, cyberthreats, terrorism, mass torts, credit defaults, and other unprecedented global exposures.
High-value risk placements rely mostly on digital documents, online spreadsheets and manual processing methods that are complicated and costly To ease these inefficiencies, ViziRisk™ introduces visual risk structuring (VRS) into the risk placement and distribution workspace for use by risk advisors, brokers, underwriters, and corporate risk managers. Working with a 2-D graphical user interface (GUI) designed for complex risk, a risk professional can visualize and interact intuitively with each complex risk to facilitate the placement process and improve buyer outcomes.
Industry adoption of the sophisticated VRS toolset offered by ViziRisk™ will be foundational to the growth of dynamic risk structuring, where a buyer can monitor, and modify, its net risk position in real time, and will set the stage for the complete automation of back-office processes.