BMS Group, an independent insurance and reinsurance broker, has partnered with EigenRisk to integrate the EigenPrism platform into its catastrophe risk management system, iVision.
The integration introduces additional capabilities to iVision’s GIS-based analytics, including real-time event data, expanded access to external data providers and updated reporting capabilities. The changes are designed to support insurers in assessing and managing risks associated with natural and man-made events.
Insurers use iVision to monitor claims costs, assess large loss exposure and review portfolio concentrations before bundling. With the addition of EigenPrism, the platform now integrates data from more than 30 providers, as well as geovisualization tools and alerting capabilities across desktop and mobile environments. The combined system is designed to support exposure assessment, incident tracking and post-loss analysis within a single interface.
The integration enables continuous monitoring of disaster activity with real-time data sources and configurable alerts covering events such as tornado activity, hail intensity, hurricane wind fields and historical PCS events. Users can apply an adjustable damage ratio to estimate the potential financial impact. The platform also supports portfolio stress testing, which can identify concentration risks and exposure gaps, which can inform underwriting and loss forecasting.
By combining iVision’s existing data relationships with EigenPrism’s multi-provider framework, the system provides additional flexibility in analyzing events and conducting sensitivity testing. Updated geographic visualization and reporting tools provide further support for risk assessment, claims planning and wider portfolio management.
Deepak Badoni, President and Co-Founder of EigenRisk, commented: “Our partnership with BMS continues our long track record of partnering with industry thought leaders to deliver actionable analytics at decision points from risk management and underwriting to incident response. The BMS iVision team has been instrumental in launching several key enhancements to the platform, from new data sources to usability improvements.”
Andrew Siffert, global head of risk advisory at BMS, said: “As a leading global broker, we know that unlocking the value of client data is critical to delivering meaningful insights and exceptional service. Integrating EigenRisk’s leading technology into iVision creates a powerful end-to-end platform that helps clients reduce claims through advanced alerts, manage large losses in high-risk areas, and build more resilient and profitable portfolios.”
