EPIX

 

In the highly complex energy insurance industry, information about risks can be time-consuming, costly to obtain, and fraught with inaccuracies.

Without access to broad industry data, energy insurers have traditionally based underwriting decisions on their proprietary data and expertise. But with energy insurance products becoming increasingly commoditized and the underwriting knowledge and experience gap widening, deciding which risks to insure and properly balancing your portfolio to meet your company objectives is becoming harder than ever.

 
 
 
 

What if you had an analytic solution that could help you improve underwriting precision, reduce costs, and increase operational efficiencies?

Bring the power of analytics to energy insurance.


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Introducing EPIX

The first-of-its-kind Energy & Power Intelligence Xchange, or EPIXTM, is a benchmarking and risk scoring platform that supports more informed decision making about the energy risks you insure.

Organized around the core energy, power, and complex risks value chain, EPIX helps provide energy underwriters, risk engineers, and portfolio managers with actionable insights on an individual risk and portfolio basis.

Chart a path for success with data-driven insights

 
 
 

EPIX provides insights through data analytics that can help you to:

  • Streamline the underwriting process to reduce your expense ratios
  • Bring more precision to underwriting models to improve your loss ratios
  • Support strategic planning with better commercial information to enhance growth and profitability
  • Integrate portfolio- and single-risk modeling and accumulation-management capabilities to help protect capital, solvency, and financial strength rating

Research, assess, and underwrite complex energy risks

EPIX comprises two modules that reflect how underwriters look at risks and navigate through information.

 

EPIX Asset

EPIX Asset, the platform’s core application, offers asset and production data for hundreds of companies, including oil fields, refineries, and power plants. Insurers can map energy facilities for different companies, compare risks, and share insights with visualizations of key market data.

Now available

EPIX Portfolio

EPIX Portfolio lets insurers zoom out to see the interconnectivity of assets. Insurers can view exposures to natural catastrophes and supply chain risks, compare existing portfolios to other global risks, and help determine if they have the right balance of energy risks in their book of business—and from there plan a strategy for profitable growth.

In beta testing

These additional EPIX modules are in development:

EPIXTM Experience, a proprietary database of industry loss events
EPIXTM Operations, offering in-depth insights into how energy companies are managing their assets and operations