GE Brings More Intelligent Risk Management to
Market; MyAnalysis Facilitates Effective, Speedy Risk Management
Decision-Making
NEW YORK--(BUSINESS WIRE)--April 14, 2002--GE Global Asset
Protection Services is making enterprise-wide risk management
possible, allowing risk managers to make strategic business decisions
with greater effectiveness and speed.
GE Global Asset Protection Services is introducing substantial
enhancements to MyAnalysis at the Risk Insurance Management Society
(RIMS) conference in New Orleans April 14-18. The new enhancements
include Location SnapShots, graphical loss estimates, and data
export functionality.
The MyAnalysis suite of online graphical analytical tools enables
risk managers to roll up and aggregate loss prevention data,
providing an enterprise-wide view of risk as well as access to
location-by-location details.
In this tough insurance environment, it's more important than
ever for our customers to prove they are a good risk, said Loren
Douglass, President of GE Global Asset Protection Services. Our
customers need comprehensive, timely data to effectively market their
risk, as well as manage their exposures on a daily basis. MyAnalysis
is the tool to meet these needs perfectly.
Through gegapservices.com, risk managers have constant 24-7 access
to loss prevention survey reports, risk summary data, and facility CAD
diagrams. MyAnalysis turns this critical customer data into business
intelligence, generating graphical reports, including benchmarking,
recommendation summaries, and management program evaluations.
Expanded Functionality
MyAnalysis has been enhanced so risk managers can manage critical
property risk information in a more sophisticated manner. New loss
estimate reports provide graphical and numeric summaries of a
customer's Maximum Foreseeable Loss (MFL), Probable Maximum Loss
(PML), and Normal Loss Expectancy (NLE).
The Location Snapshot is a detailed report, covering an entire
facility and tying together outstanding recommendations, values, loss
estimates, construction, occupancy, interdependency and exposure
information, all depicted on a single screen. Risk managers can view
aggregate data of program ratings, for example, and then drill down to
the outstanding recommendations and learn how to correct their
deficiencies.
Douglass continued: MyAnalysis puts more information at a
customer's fingertips, provides the tools with which to turn that
information into actionable analysis, and helps them prioritize
improvements and really get a handle on their risk.
GE Global Asset Protection Services provides business continuity,
loss prevention, and corporate asset management solutions to large
industrial, manufacturing, services, healthcare, and utility
companies. GE Global Asset Protection Services, headquartered in New
York City, is a member of GE Commercial Insurance. More information on
GE Global Asset Protection Services is available at
http://www.gegapservices.com.
GE Commercial Insurance is one of the operating units of GE
Employers Reinsurance Corporation. GE ERC is the world's
fourth-largest reinsurer and a premier global provider of risk
solutions. More information on ERC is available at http://www.ercgroup.com.
GE (NYSE:GE) is a diversified technology, services and
manufacturing company with a commitment to achieving customer success.
GE operates in more than 100 countries and employs approximately
310,000 people worldwide.
For more information or to schedule a demonstration at RIMS Booth
No. 1044, contact:
Tom Mentzer, 816/512-9408, [email protected]
John Novaria, 816/512-9166, [email protected]
Dean Davison, 913/676-5147, [email protected]
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CONTACT: GE Employers Reinsurance Corporation
Dean Davison, 913/676-5147
[email protected]
or
Barkley Evergreen & Partners
Tom Mentzer, 816/512-9408
[email protected]
John Novaria, 816/512-9166
[email protected]
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340