Horiens launches Risk Monitoring tool for Insurance Management

Horiens now has another resource to support companies in risk management and insurance. This is the Risk Monitoring tool for Insurance Management, an online dashboard available for monitoring risks throughout projects, ensuring better management of insurance policies.

The tool, which is based on data science and probabilistic analysis, is innovative in the insurance market, allowing companies to make more precise decisions based on more predictable scenarios.

“Our data lab, Risk Labs, is able to map the probability of risks according to customer-specific scenarios. We systematized this method in this online tool, which brings the client closer to the information, allowing a simpler and more effective follow-up,” explains André Ricardo Rosa, Head of Claims at Horiens.

The novelty can be used by clients from any industry that wish to closely monitor the risks of a project, adjusting their decisions to the evolving context.

Bidding Law 14.133/2021: monitoring risks in construction sites
The creation of the tool came from the need to serve the infrastructure sector and the insurance market in the face of the challenges of adapting to the new Bidding Law, which brought new parameters for guarantee insurance in public works.

In bidding contracts, warranty insurance is an important instrument to ensure the performance of the contractual obligations of the taker (responsible for the work) in relation to the insured (beneficiary/client/public authority).

With the new law, there were changes such as the expansion of the insurable limits in guarantee insurance contracts and the possibility that the insurer has to retake the work, in case of contractor’s default, a situation known as step-in.

“Our tool is a strong ally for insurers and companies in monitoring contract risks, from its preparation to the effective delivery of the work or service. Having a clear and precise vision of the risks can avoid great impacts and losses”, André alerts.

Beyond the tool: partnership with Sedgwick
To further qualify the end-to-end support we provide to companies from the most varied sectors, Horiens entered into a partnership with Sedgwick, a global company in the risk management and technology-integrated solutions sector.

“With the combination of Horiens’ more than 40 years of experience in risk management and insurance, and Sedgwick’s technical approach to claims regulation, we will be able to offer an even more differentiated service,” André highlights.

Learn more.

Watch the Risk Monitoring Tool for Insurance Management video.

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