NEW YORK, Oct. 29, 2012 /PRNewswire/ -- Guy Carpenter & Company, LLC, a leading global risk and reinsurance specialist, today announced the release of GC ProfitPoint+, an integrated portfolio management solution designed to help insurance companies improve profitability, enhance underwriting performance and drive growth.
A single, easy-to-use solution, GC ProfitPoint+ delivers powerful portfolio planning and point-of-sale capabilities so insurers can set, calibrate and monitor risk management strategy, while enabling line underwriters and agents to make more informed decisions about individual policies prior to binding.
"With historically low investment returns and lingering weakness in the economy, insurers are faced with increasing pressure to drive profitability through solid underwriting results. In an industry predicated on data analysis, insurers often find themselves inundated with massive amounts of information that is fragmented and, therefore, not easily translated into actionable business intelligence," commented Andrew Marcell, CEO of U.S. Operations for Guy Carpenter. "By bringing together risk insights previously assessed in isolation and coupling it with powerful analytical techniques, GC ProfitPoint+ enables insurers to transform the way they view risk and develop business strategy."
GC ProfitPoint+ leverages advanced portfolio management and visualization techniques alongside predictive analytics to perform holistic profitability analyses and achieve an optimal portfolio mix. Its mobile-enabled interface delivers a comprehensive overview of an insurer's portfolio, as well as the tools to help them examine and compare how different underwriting scenarios may impact profitability. GC ProfitPoint+ can also be integrated into insurers underwriting systems to help line underwriters with point-of-sale decision-making about individual risks."A disciplined underwriting strategy is a crucial component of driving profitable growth for insurers, now more than ever. It takes a careful balance of detailed risk analysis and prudent portfolio-level planning, as well as the insight and perspective gained by having a clear vision of where you are, where you need to go, and what it will take to get there. GC ProfitPoint+ helps insurers reach their long-term business goals and gain a competitive advantage in the market," commented John Tedeschi, Head of GC Analytics® - Americas. "GC ProfitPoint+ demonstrates our commitment to helping our clients achieve profitable growth," added Mr. Marcell. " Guy Carpenter has a long history of investing in innovation, and we are dedicated to continuing to deliver solutions for increasingly complex business challenges." About Guy Carpenter Guy Carpenter & Company, LLC is a global leader in providing risk and reinsurance intermediary services. With over 50 offices worldwide, Guy Carpenter creates and executes reinsurance solutions and delivers capital market solutions* for clients across the globe. The firm's full breadth of services includes line-of-business expertise in agriculture; aviation; casualty clash; construction and engineering; excess and umbrella; life, accident and health; marine and energy; medical professional liability; political risk and trade credit; professional liability; property; retrocessional reinsurance; surety; terrorism and workers compensation. GC Fac® is Guy Carpenter's dedicated global facultative reinsurance unit that provides placement strategies, timely market access and centralized management of facultative reinsurance solutions. In addition, GC Analytics®** utilizes industry-leading quantitative skills and modeling tools that optimize the reinsurance decision-making process and help make the firm's clients more successful. For more information, visit www.guycarp.com. Reactions magazine named Guy Carpenter Best Global Reinsurance Broking Company Overall and Best Reinsurance Broking CEO of the year in 2012. At the Reactions London Market Awards, Guy Carpenter was also named Reinsurance Broker of the Year and took home Reinsurance Broking Team of the Year honors for both Property and Aviation. Guy Carpenter has also won: Global Best ILS Advisor (GC Securities*), US Best ILS Advisor (GC Securities*) and US Best Broker for Casualty Reinsurance from Intelligent Insurer. Insurance Day acknowledged Guy Carpenter (GC Securities*) in 2012 with the ILS Transaction of the Year. Guy Carpenter is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global team of professional services companies offering clients advice and solutions in the areas of risk, strategy and human capital. With 53,000 employees worldwide and annual revenue exceeding $11 billion, Marsh & McLennan Companies is also the parent company of Marsh, a global leader in insurance broking and risk management; Mercer, a global leader in human resource consulting and related services; and Oliver Wyman, a global leader in management consulting. Follow Guy Carpenter on Twitter @GuyCarpenter. *Securities or investments, as applicable, are offered in the United States through GC Securities, a division of MMC Securities Corp., a US registered broker-dealer and member FINRA/ SIPC. Main Office: 1166 Avenue of the Americas, New York, NY 10036. Phone: (212) 345-5000. Securities or investments, as applicable, are offered in the European Union by GC Securities, a division of MMC Securities ( Europe) Ltd., which is authorized and regulated by the Financial Services Authority. Reinsurance products are placed through qualified affiliates of Guy Carpenter & Company, LLC. MMC Securities Corp., MMC Securities ( Europe) Ltd. and Guy Carpenter & Company, LLC are affiliates owned by Marsh & McLennan Companies. This communication is not intended as an offer to sell or a solicitation of any offer to buy any security, financial instrument, reinsurance or insurance product. **GC Analytics is a registered mark with the U.S. Patent and Trademark Office.  Patent pending SOURCE Guy Carpenter & Company, LLC