Seven major insurers are to use ROOM's new risk exposure management solution Exact Advantage, the company announced today.
Mutual Marine Office, Inc; Houston Casualty and another US insurer plus four London-based insurers have all signed contracts to use the new solution, the first to provide underwriters with fully integrated aggregated assessments for both marine and non-marine commercial insurance.
ROOM's commercial director Dr Ameet Dave said: “We're delighted that seven leading underwriters in the UK and US have chosen Exact Advantage within eight weeks of launch.
"Because of its new generation of risk aggregation capabilities, interest in Exact Advantage from the market has been strong and we expect to make more announcements in the near future – particularly moving into the US hurricane season.”
