ModelBI
On-line tool for risks assessment, associated with business interruptions
in small and medium-sized enterprises
An on-line tool that serves as:
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an assistant to SMEs in understanding and identifying the risks associated with business interruptions,
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an assistant to insurance sellers in explaining the purpose and the reasonableness of business interruption insurance for SM companies, and
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an educational tools.
ModelBI was developed by following standard internationally established underwriting principles, whereby the transfer of risks itself is based on the world's most widespread method - the gross profit method.
This is a method that, on the assumption of properly taken out insurance, puts the company financially where it would be if there was no physical damage to its assets.
It is a sales model that mainly observes the loss of the company's turnover and searchs for solutions to replace it.
ModelBI as on-line tool with built-in "What if ... simulations" functionality, that provides a quick insight or simulation what the effect of the insurance program would be if:
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the insurance program was concluded differently (e.g., with a different sum insured or different maximum indemnity period),
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certain loss parameters were different (e.g., increased costs of working or savings) or
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the movement of economic categories were different (e.g., planned sales growth).
ModelBI helps to:
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determining the appropriate (required) sum insured,
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setting the appropriate (required) maximum indemnity period,
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analyzing the existing insurance program,
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simulation of loss events (insurance cases),
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assessment of actual loss events (insurance cases).
For registered users: entry to the portal www.ModelBI.si.
For an offer, please contact tadej.avsec@RiskClinic.si .
Download presentation material:
The project / operation is co-financed by the Republic of Slovenia and the European Union from the European Regional Development Fund.
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