Accessing and deciphering current and historical insurance policies can be a daunting task, especially when dealing with numerous policies issued by multiple insurers. Marsh understands the challenges you face in preserving and accessing your insurance assets, particularly in a landscape where claims and risks are growing more complex. That's why we developed Insurance Coverage Explorer (ICE) – a powerful platform that not only helps you navigate the intricacies of your insurance program but also helps you to make informed decisions about your current and future liabilities.
Streamline policy management
With ICE, you may be able to better overcome the hurdles of managing your policies effectively. Whether you're dealing with inherited legacy insurance programs from mergers or acquisitions or facing the administrative burden of maintaining electronic policy folders, ICE provides a comprehensive solution. Our platform allows you to securely store and access both electronic and paper policy documents, reducing the risk of losing or inadvertently destroying important insurance assets.
Go beyond policy management and unlock the power of data
One of the key challenges faced by risk managers is the ability to quickly identify which policies are responsive to a loss. Delays in claims processing and insurance recoveries can be costly, whether due to the inability to access policy documents or a lack of understanding around the policies. ICE addresses this challenge by mapping your policy provisions, terms, conditions, exclusions, and limits into graphical coverage analysis charts. These charts can help you to swiftly identify available coverage and quantify its correlation to specific losses, with the goal of creating a more streamlined claims process.
Comprehensive coverage analysis
We understand that each organization's insurance program is unique. That's why ICE offers flexibility in design, allowing you to store any policy document regardless of type, effective period, or broker. Our platform also enables our specialists to link related documents to policy records, creating a comprehensive repository of your insurance documentation. With ICE's robust search capabilities, you can more efficiently retrieve the policies or groups of policies you need, saving you time and effort.
Maximize your insurance investment
By leveraging ICE, you can potentially maximize your investment in insurance coverage. Our platform not only secures your policies for the future but also reduces administrative burdens, allowing you to focus on harnessing a comprehensive understanding of how your insurance program works. This understanding enables more prompt and confident reporting to the board of directors when they inquire about new, significant, or complex litigation. With this knowledge, you can more effectively respond to current and future liabilities, making informed decisions that optimize your coverage.
Our team of specialists is here to support you every step of the way. Contact us today to learn more about how ICE can benefit your organization.
