Beecher Carlson Partners with EigenRisk to Deliver Real-Time Catastrophic Risk Analytics and Insights

September 30, 2021

 

ATLANTA (September 30, 2021) – Beecher Carlson Insurance Services, LLC (“Beecher Carlson”), a specialized large account insurance broker, announced that it has entered into a partnership with EigenRisk, an independent insurance technology firm founded in 2014. EigenRisk provides risk analytics to the (re)insurance and risk management community with an open modeling environment. Through this partnership, Beecher Carlson can offer its clients catastrophe (CAT) event response analytics and insights in real-time. The underlying datasets cover the hazards of earthquakes, hurricanes/tropical cyclones, floods, landslides, political violence, severe convective storms, social risks, wildfires, and winter storms.

“EigenRisk has developed a technology platform that improves the timeliness and efficiency with which catastrophe event response analytics can be generated. We are pleased to announce this partnership and are excited about enhancing our ability to deliver real-time CAT risk intelligence to our clients,” states Andrew Golub, Beecher Carlson’s Chief Innovation and Analytics Officer.

Beecher Carlson will utilize EigenRisk’s EigenPrism and EigenAlert offerings to empower its brokerage team to more efficiently provide CAT event response analytics to its clients. EigenPrism offers data management, actionable insights, operational efficiency, and built-in tools to provide clients with real real-time alerts and assessments before, during, and after catastrophic events.

EigenAlert delivers automated event notification within minutes of an event and is fully integrated within the EigenPrism platform. This insight will help Beecher Carlson provide what-if scenarios on active events and analyze the accumulation risks that unfolding natural catastrophe occurrences present to their clients’ property schedules.

About Beecher Carlson

Beecher Carlson is a large account risk management broker that values depth of industry and product knowledge. Operating as a single profit center organized by specialization allows our service teams to be structured based on what is best for the client’s business rather than geographic convenience. We go beyond one-off transactions and utilize advanced analytics on every program. By quantifying the effects of each decision on a company’s risk profile, we take the mystery out of buying insurance. Our mission is to continually challenge the status quo by collaborating with clients to revolutionize the way they identify, quantify, mitigate, and finance risk. Our collective success is earned by creating the ideal risk management solution for our clients. For more information, visit www.beechercarlson.com.

Beecher Carlson Insurance Services, LLC is a wholly owned subsidiary of Brown & Brown, Inc. (NYSE:BRO), a leading insurance brokerage firm, delivering risk management solutions to individuals and businesses since 1939. With over 11,000 teammates in more than 300 locations across the U.S. and select global markets, we are committed to providing innovative strategies to help protect what our customers value most. For more information or to find an office near you, please visit bbinsurance.com.

About EigenRisk

EigenRisk, Inc., an independent insurance technology firm, helps (re)insurers, brokers and risk managers across the globe manage catastrophe risk, and drive higher growth, customer engagement and operational efficiency. The firm’s cloud-based platform provides one-stop access to powerful data management, geo-visualization, analytics, reporting, modeling, alerts and APIs. These capabilities are integrated with hazard data, event projections and simulations curated from more than 20 leading public and private sources to provide a more dynamic and complete perspective of risk. Visit www.eigenrisk.com.

This press release may contain certain statements relating to future results which are forward-looking statements. These statements are not historical facts but instead represent only Brown & Brown’s belief regarding future events, many of which by their nature are inherently uncertain and outside of Brown & Brown’s control. It is possible that the actual results of Beecher Carlson may differ, possibly materially, from the anticipated results indicated in these forward-looking statements. Further information concerning Brown & Brown and its business, including factors that potentially could materially affect Brown & Brown’s financial results, are contained in Brown & Brown’s filings with the Securities and Exchange Commission. All forward-looking statements included in this press release are made only as of the date of this press release, and we do not undertake any obligation to publicly update or correct any forward-looking statements to reflect events or circumstances that subsequently occur or of which we hereafter become aware.