NEW YORK, Oct. 29, 2012 /PRNewswire/
-- Guy Carpenter &
Company, LLC, a leading global risk and reinsurance specialist,
today announced the release of GC ProfitPoint+,[1] an integrated
portfolio management solution designed to help insurance companies
improve profitability, enhance underwriting performance and drive
growth.
A single, easy-to-use solution, GC ProfitPoint+ delivers
powerful portfolio planning and point-of-sale capabilities so
insurers can set, calibrate and monitor risk management strategy,
while enabling line underwriters and agents to make more informed
decisions about individual policies prior to binding.
"With historically low investment returns and lingering weakness
in the economy, insurers are faced with increasing pressure to
drive profitability through solid underwriting results. In an
industry predicated on data analysis, insurers often find
themselves inundated with massive amounts of information that is
fragmented and, therefore, not easily translated into actionable
business intelligence," commented Andrew
Marcell, CEO of U.S. Operations for Guy Carpenter. "By bringing together risk
insights previously assessed in isolation and coupling it with
powerful analytical techniques, GC ProfitPoint+ enables insurers to
transform the way they view risk and develop business
strategy."
GC ProfitPoint+ leverages advanced portfolio management and
visualization techniques alongside predictive analytics to perform
holistic profitability analyses and achieve an optimal portfolio
mix. Its mobile-enabled interface delivers a comprehensive overview
of an insurer's portfolio, as well as the tools to help them
examine and compare how different underwriting scenarios may impact
profitability. GC ProfitPoint+ can also be integrated into insurers
underwriting systems to help line underwriters with point-of-sale
decision-making about individual risks.
"A disciplined underwriting strategy is a crucial component of
driving profitable growth for insurers, now more than ever. It
takes a careful balance of detailed risk analysis and prudent
portfolio-level planning, as well as the insight and perspective
gained by having a clear vision of where you are, where you need to
go, and what it will take to get there. GC ProfitPoint+ helps
insurers reach their long-term business goals and gain a
competitive advantage in the market," commented John Tedeschi, Head of GC Analytics® -
Americas.
"GC ProfitPoint+ demonstrates our commitment to helping our
clients achieve profitable growth," added Mr. Marcell.
"Guy Carpenter has a long history of
investing in innovation, and we are dedicated to continuing to
deliver solutions for increasingly complex business
challenges."
About Guy
Carpenter
Guy
Carpenter & Company, LLC is a global leader in
providing risk and reinsurance intermediary services. With over 50
offices worldwide, Guy Carpenter
creates and executes reinsurance solutions and delivers capital
market solutions* for clients across the globe. The firm's full
breadth of services includes line-of-business expertise in
agriculture; aviation; casualty clash; construction and
engineering; excess and umbrella; life, accident and health; marine
and energy; medical professional liability; political risk and
trade credit; professional liability; property; retrocessional
reinsurance; surety; terrorism and workers compensation. GC Fac® is
Guy Carpenter's dedicated global
facultative reinsurance unit that provides placement strategies,
timely market access and centralized management of facultative
reinsurance solutions. In addition, GC Analytics®** utilizes
industry-leading quantitative skills and modeling tools that
optimize the reinsurance decision-making process and help make the
firm's clients more successful. For more information, visit
www.guycarp.com.
Reactions magazine named Guy Carpenter Best Global
Reinsurance Broking Company Overall and Best Reinsurance Broking
CEO of the year in 2012. At the Reactions London
Market Awards, Guy Carpenter was
also named Reinsurance Broker of the Year and took home Reinsurance
Broking Team of the Year honors for both Property and
Aviation. Guy Carpenter has
also won: Global Best ILS Advisor (GC Securities*), US Best ILS
Advisor (GC Securities*) and US Best Broker for Casualty
Reinsurance from Intelligent Insurer. Insurance
Day acknowledged Guy Carpenter
(GC Securities*) in 2012 with the ILS Transaction of the Year.
Guy Carpenter is a wholly owned
subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global
team of professional services companies offering clients advice and
solutions in the areas of risk, strategy and human capital. With
53,000 employees worldwide and annual revenue exceeding
$11 billion, Marsh & McLennan
Companies is also the parent company of Marsh, a global leader in
insurance broking and risk management; Mercer, a global leader in
human resource consulting and related services; and Oliver Wyman, a
global leader in management consulting. Follow Guy Carpenter on Twitter @GuyCarpenter.
*Securities or investments, as applicable, are offered in
the United States through GC
Securities, a division of MMC Securities Corp., a US registered
broker-dealer and member FINRA/SIPC. Main Office: 1166 Avenue
of the Americas, New York, NY
10036. Phone: (212) 345-5000. Securities or investments, as
applicable, are offered in the European Union by GC Securities, a
division of MMC Securities (Europe) Ltd., which is authorized and
regulated by the Financial Services Authority. Reinsurance products
are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC
Securities Corp., MMC Securities (Europe) Ltd. and Guy
Carpenter & Company, LLC are affiliates owned by Marsh
& McLennan Companies. This communication is not intended
as an offer to sell or a solicitation of any offer to buy any
security, financial instrument, reinsurance or insurance
product. **GC Analytics is a registered mark with the U.S.
Patent and Trademark Office.
[1] Patent pending
SOURCE Guy Carpenter &
Company, LLC