Guy Carpenter, a risk and reinsurance specialist and a business of Marsh McLennan, has announced that it has entered an agreement with TNEDICCA, a provider of location-based traffic-crash intelligence and predictive analytics. The agreement will allow Guy Carpenter to provide enhanced auto analytics to its insurance carrier clients.
Guy Carpenter will use TNEDICCA’s location risk products for the US personal and commercial auto marketplace. Having access to this data will assist Guy Carpenter clients in developing ratemaking and underwriting strategies, resulting in a more accurate assessment and pricing of auto risks.
TNEDICCA analytics make use of nationwide, geo-coded police crash report data in order to generate risk scores.
“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.”
“With a deep understanding and reach within the auto insurance market, Guy Carpenter is well-positioned to expand the distribution of TNEDICCA’s innovative risk scores and solutions,” said Yiem Sunbhanich, co-founder and CEO of TNEDICCA. “We have seen firsthand the effectiveness of Guy Carpenter’s full-service approach in delivering value through full implementation.”