Portfolio Risk Intelligence Across Customers & Dependencies

Individual risk profiles can hide shared dependencies

For example, an insurer may have many technology companies under contract, and several of them may depend on the same supplier, cloud provider, software platform, or cybersecurity service.

Individually, each company may appear to have an acceptable risk profile. However, if the shared supplier or provider experiences a major cyberattack or operational failure, several insured companies could suffer losses at the same time.

Connect risk across the complete customer base

Consilience could connect customers, industries, suppliers, locations, assets, claims, policies, and external events across the insurer's complete customer base.

Questions the insurer could ask

The insurer could ask:

• “Which customers depend on the same critical supplier?”
• “Which companies in our portfolio are exposed to the same cyber vulnerability?”
• “How many insured customers could be affected by this new regulation?”
• “Which geographic regions contain the highest concentration of insured assets?”
• “Which industries are showing an increase in claims?”

Understand concentration before adjusting the portfolio

This allows the insurer to identify shared or correlated risks that may not be visible when customers are evaluated individually.

The purpose is not necessarily to accept fewer high-risk customers. Instead, the insurer can better understand where risk is concentrated and decide whether pricing, coverage limits, reinsurance, or portfolio diversification may need to be adjusted.