Guy Carpenter strikes deal to enhance auto risk analysis in US market

Reinsurance broker  Guy Carpenter, a business of Marsh McLennan (MMC), has signed an exclusive deal with an Ohio-based company to offer enhanced auto analytics to its insurance carrier clients in the US.

Columbus, Ohio-headquartered TNEDICCA provides location-based traffic-crash intelligence and predictive analytics.

Guy Carpenter will use TNEDICCA’s location risk products for the US personal and commercial auto marketplace. Access to this key data will help the broker’s clients develop ratemaking and underwriting strategies, resulting in a more accurate assessment and pricing of auto risks, improving overall profitability for participating insurers.

TNEDICCA analytics leverages country-wide geocoded police crash report data to generate risk scores. This leads to the development of a credible and robust data source for assessing auto risks in the US.

“Through the agreement with TNEDICCA, Guy Carpenter will be able to further provide clients with leading-edge data assets,” said Thomas Hettinger, managing director and North America leader for the Global Strategic Advisory team at Guy Carpenter. “This, in turn, will empower carriers to develop innovative products that address new and emerging risks."

Yiem Sunbhanich, co-founder and CEO of TNEDICCA, added: “With a deep understanding and reach within the auto insurance market, Guy Carpenter is well positioned to expand distribution of TNEDICCA’s innovative risk scores and solutions. We have seen first-hand the effectiveness of Guy Carpenter’s full-service approach in delivering value through full implementation.”

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