BlockFrauds

fardoesoftware.co.uk

The heart of Fardoe's vision is enabling re/insurers to create an ecosystem of their data, and applying artificial intelligence and machine learning to help them create personalised insights and streamline their workflows. End customer service and value is significantly improved, whilst business efficiencies help improve margins and enable employees to focus where they are of most benefit. Fardoe's highly interactive Exposure Management solution makes it far quicker and easier for re/insurers to calculate their pre- and post-scenario analyses, understanding their exposure to potential and actual events. They can do this from multiple perspectives, personalising the criteria and easily applying them to historic event shapefiles or footprints they define themselves. Other features help ensure this is based on the most accurate, holistic and timely information. Re/insurers can: - engage more quickly and price more efficiently on new contracts; - respond more quickly after an event and help get their customers back on their feet with minimum further distress; - reduce disputes and disappointments over property valuations; - reserve and report their losses promptly for market confidence; - demonstrate good systems to the regulator to support more efficient capital adequacy provisioning; and - streamline their underwriting cost base for better profitability and more motivated, productive employees. It is intelligent, cloud-based, scalable, harnesses the power of API technologies, and is designed to integrate with any application landscape and be easily modifiable to individual needs