Posted on 22 Jul 2011
Guy Carpenter & Company, a leading global risk and reinsurance specialist and a member of Marsh & McLennan Companies this week announced its alliance with EagleEye Analytics, Inc., the leading provider of world-class predictive analytics solutions to the property and casualty insurance industry.
Under the alliance, exclusive within the reinsurance industry, the two firms will work together to help Guy Carpenter’s clients more effectively segment, select and price insurance risks through the use of EagleEye Analytics’ state-of-the-art, web-based tools. In particular, Guy Carpenter’s clients will have access to EagleEye’s Talon platform, which performs data analysis at multiple levels – coverage, risk or policy – and provides rapid results that enable companies to make more informed decisions more quickly than ever before.
Bill Kennedy, CEO of Global Analytics and Advisory, Guy Carpenter & Company, commented: “Guy Carpenter’s advisory and analytics expertise, combined with EagleEye’s cutting-edge predictive modeling capabilities, will result in powerful, innovative solutions for our clients. We are thrilled to work with a company of EagleEye’s quality in our ongoing commitment to meeting our clients’ risk and capital management needs.”
John Tedeschi, Head of GC Analytics – North America and Latin America Regions, Guy Carpenter & Company, said: “This alliance demonstrates our commitment to helping clients secure the most value from their data by providing access to the most sophisticated tools for predicting and managing risks and costs at a more granular level and with greater specificity. The ability to fine-tune the estimation of risk has become increasingly important as the industry faces continual pressure on margins. Our shared goal is to help clients transform this skill into a sustainable competitive advantage for achieving greater profitability and improved operating results.”
Terry Wade, CEO, EagleEye Analytics, stated: "We are absolutely delighted to be able to partner with an organization of Guy Carpenter’s stature and caliber within the reinsurance industry and are genuinely excited by the prospects this alliance offers to each of us. Our organizations share a strong desire to bring continuous innovation to the property and casualty industry to the benefit of individual players and the advancement of the market as a whole.”