Verisk Energy and Insurance aims to empower the global energy insurance industry through its new Energy and Power Intelligence Xchange (EPIX) platform. EPIX will provide insurers deep knowledge and insights about energy assets, portfolios, operations, and loss experience to help them better understand, manage, price, and control risks. This will help insurers streamline underwriting, improve loss ratios and profitability, and become the industry standard for risk management insights. EPIX will deliver proprietary data and analytics across various areas to help insurers make more strategic decisions across their underwriting processes.

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Verisk Energy and Insurance
Empowering the global energy insurance industry
Introducing EPIX

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Vision
Objective
Verisk Energy & Insurance
Empower the global energy insurance
industry, with deep knowledge and valuable
insights to allow carriers to better understand,
manage, price, assess and control single &
aggregated exposures.
Be the energy insurance industry
standard for operational and risk
management insights.

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Challenges of the energy insurance market
– Highly specialized, technical and engineered insurance segment.
– Balkanized sources of information (submission data & risk assessments).
– Little data analytic insight applied in the single risk and portfolio
process.
– Difficulty to gain insights and get closer to the insured.
– Expensive to underwrite - exceptionally resource heavy with underwriters &
engineers.
– Knowledge and experience gap.
– Inability to benchmark performance.
– Increase in commoditization of the insurance products.
– Excess market capacity leading to softening of rates.

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Verisk’s Energy & Insurance Solutions
Bring more precision to
underwriting models
Support strategic planning with
better commercial information
Better integrate portfolio and single
risk modeling and accumulation
management capabilities
Streamline the underwriting process
improve loss ratios
growth & profitability
protect capital, solvency,
and financial strength
rating
reduce expense ratios

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Energy & Power Intelligence XchangeTM
(EPIX™)
Portfolio
• Natural
Catastrophe
• Hazard maps - Flood,
Earthquake, Wind,
Terrorism
• Supply chain
• Aerial imagery
Operation
• Operational Risk -
IoT
• Strengths / Weaknesses
• Index (e.g. Operational Risk
vs. Occupancy risk)
• Cultural influence
• WoodMac Reports and
News
EPIX™
Portfolio
Experience
• Events
• Date of loss
• Loss estimate
• Cause of loss.
• EPA & OSHA violations
EPIX™
Experience
EPIX™
Risk Quality
Asset
• Geolocation
• Ownership
• NAICS codes – GL
Classifications
• Occupancy risk factor – process,
technology, complexity, status, age.
• Valuation – Capital Cost, Revenue, etc.
• New Projects – Location, description,
likeliness, timeline.
• Financial – historical and forecasted
• Investments
EPIX™
Asset

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Energy & Power Intelligence XchangeTM
(EPIX™)

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Value Proposition
Verisk Energy and Insurance
7© 2017 Verisk Analytics, Inc. All rights reserved.

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Verisk Energy & Insurance
Underwriting Process
Targeting /
Marketing
Decision
Triaging & Risk
Clearing
Submission Review
& Data Collection
Modeling Pricing / Quote /
Policy Issuance
Renewal
Retention
Portfolio
Management
Carriers using data & analytics in their underwriting
processes report:
2%
Improvement in underwrting results
(even greater improvement for specialty lines).
25% Improvement in
underwrting effiency
10% Increase in hit
ratios
40%Increase in policy
counts
30%
Additional premium
from new market
segments
Underwriting has been, and always will be, a craft. However, exponential advancements in the type and
quality of data is quickly evolving the role of the underwriter. Embracing data and analytics is allowing
underwriters to:
Carriers that interface the submission process with their
underwriting tools report:
80% Reduction in
rekeing tasks
>25%Productivity gain
for underwriters
40% Improvement in
underwriting
efficiency
50% Decrease in
submission
turnaround time
More quickly and
thoroughly understand the
insured
Move beyond the risk quality collection conversation with brokers and
insureds and develop a deeper and sustainable relationship with business
partners
Better price a risk
More thoughtfully structure a unique
program based on the needs of the
individual insured.

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Energy & Power Intelligence XchangeTM
Underwriting Process
EPIX™
Asset
EPIX™
Portfolio
EPIX™
Experience
EPIX™
Risk Quality
Targeting /
Marketing
Decision
Triaging & Risk
Clearing
Submission
Review & Data
Collection
Modeling Pricing / Quote /
Policy Issuance Renewal
Retention
Reduces marketing
time & expense
allowing for more
focused resources
on strategic
opportunities
Allows to focus on risks
based on score and
benchmark within
company’s peer group
Comprehensive data
base of all available
pool of risks within
energy value chain.
Provides more precise and
accurate modeling to influence
capital deployment, policy
structure, rating, and pricing.
Better asset understanding
allows for more strategic
deployment of capacity and
increase precision on terms
and conditions.
Benchmark with peer
group will provide valuable
insights to structure
portfolio based on
company objectives.
Guides strategic portfolio
growth/reduction opportunities,
reinsurance placements, guides
portfolio balance/diversity
Manage for potential
accumulations and
balance portfolio
Real-time, accurate data points allow for strategic improve of risk classification resulting in
more accurate modeling, pricing, renewal retention, portfolio management and
marketing/solicitation of new/renewal business.
Industry loss experience
by asset, company,
territory, country
Guides pricing, capacity
and decision of coverage
terms to better diversify the
portfolio
Increased underwriting knowledge
empowers underwriters to make
quicker strategic decision on
renewals in line with portfolio
strategy
Portfolio
Management

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Consulting and Proprietary Data Sets
Underwriting Process
Targeting /
Marketing
Decision
Triaging & Risk
Clearing
Submission
Review &
Data
Collection
Modeling
Pricing / Quote /
Policy Issuance
Renewal
Retention
Portfolio
Management
More strategic
marketing & market
positioning
Better pricing
Better portfolio
performance
 Improved
understanding &
segmentation of risks
 Improves submission
review & data
collection processes
 Identification of
premium
leakage/overage
 Improved pricing of
risks/rate
development
 Allows for more
innovation, custom
solutions for insureds
 Improved policy
terms
 Benchmarking of
risk & portfolio
performance
 More accurate &
efficient portfolio
management
 Improved retention
 More strategic
reinsurance
placements
 Improved
portfolio
diversity
 Reduction in sales
& marketing costs
 Improved hit
ratios with more
strategic & focused
marketing
 Improved triaging
of risk – speed to
market
 Reduced cost of
customer
acquisition

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