From Data to risk management Insights
Traditionally, insurers rely on receiving yearly updates on certain parameters which they can then underwrite, price and bind a policy.
However, today data streams are live rather than yearly and making sense of them can be labor intensive.
Instead of moving a businesses' mountain of data to the insurer to calculate, we move the risk modelling calculator to the business instead.
The results of this analysis can then more easily be shared for underwriting and pricing in a controlled and data privacy compliant way.
If and when any parameters vary, underwriters can review an updated analysis based on accurate and historical data.
Are you a mobility venture where insurance coverage has become a roadblock to growth?
Are you a risk manager who needs support navigating mountains of data from an exciting new business?
Frequently asked questions
Essentially software that any mobility company can easily install into their infrastructure to analyse their data and better understand risk.
Nothing. Our AI analyses it to make sense of the different available parameters which are then fed into a risk modelling algorithm. All of this happens on premise. The results of such analysis can then be shared with risk managers or carriers.
Absolutely. Your data never leaves your infrastructure.
Who ever you chose. Access to the risk modelling results allows risk carriers to underwrite and offer the best available pricing. But this access and its frequency is determined by each venture or business unit.
Our system uses the latest cryptographic methods to ensure the data being used has not been tampered or modified.
While insurers do not have access to the core business data, the drivers and logic for how we model risk is fully transparent.
No, we are simply a tool to help professional underwriters better understand and potentially price new or different types of "alternative risk".
In the corporate insurance industry, "Alternative Risk Transfer" refers to the management of types of risk that do not fit the usual business lines (P&C, Marine, etc.).
We share and improve the model, not the data.
Thanks to our decentralised architecture, our risk modelling capabilities improve over time and as we acquire new users. However, proprietary data never leaves or is ever shared cross ventures, businesses or insurers.
BrightLeap's risk modelling capabilities today are designed for the mobility industry. The movement of people or goods on public roads within Europe.
As we grow, we will tackle other geographies and industries.
Movement of people and goods has been core to human progress since the beginning of time. But today, a wide range of companies are emerging seeking smarter, safer and more sustainable ways to do so.
The mobility market could reache a 28% annual growth from 2015 to 2030.
Risk management is essential for any business, regardless of the size or industry. However, in some industries such as mobility, proper coverage is also a legal requirement. We make sure risk is understood and can therefore be covered.