Did You Know?
Zenik Solution platform is designed for Underwriters, Brokers, Banks, Data providers.
Zenik Solution platform is designed for Underwriters, Brokers, Banks, Data providers.
Designed for Underwriters, Brokers, Banks, Corporates, Data providers and companies involved in the evaluation and undertaking of credit and political risk.
After gathering feedback from the global insurance market, we managed to capture the most common challenges facing companies offering and utilising Credit and Political Risk Insurance. These challenges became the vision and inspiration for the creation of the Zenik Solutions platform.
All data captured or generated in the system (exposures, costing and pricing parameters, rating parameters, economic outputs, etc) are collated into a Master Database file, that can be downloaded into excel. This information is also collated within the underwriting memo per transaction, which can be downloaded into a PDF and is the area where the underwriter adds the underwriting rationale and any additional 3rd party data or further risk relevant information.
Costing Parameters are entered by the underwriter and feed into the costing engines for Credit and Non-Credit Single Risk – these engines then generate the economic outputs for each transaction, which are stored in the Master Database file that can be downloaded into excel.
All fixed exposures and amortising exposures are captured by the system in the Master Database file and extrapolated out into day-by-day exposures to allow for point in time exposure monitoring. This downloadable data also assigns all risk data, rating, pricing and economic output information, which can be used for further Aggregation Analysis, Portfolio Management and Stress Testing.
By supporting both single and multi-risk transactions tailored for both short-term and long-term engagements across a multitude of Credit and Political Risk insurance products, our system ensures extensive granularity in data capture for risk management reporting and portfolio steering.
• Exposure and Aggregation
• Limit Utilisation
• Costing and Pricing Parameters
• Premium Development
• Planning and Budgeting
All reports are dynamic and can be customized to focus on various risk segments, including counterparties, countries, products, and industries.
• Built in search, sorting and accumulation reporting
• Raw data downloadable into Excel
Point in time exposure management, limit utilisation, expected loss anf shortfall on fixed and amortised exposures
The system facilitates the extraction of all critical data, enabling comprehensive portfolio performance analysis and enhanced scenario modelling. This capability is essential for carrying out in-depth analyses, aggregations, and stress testing, crucial for effective risk management and strategic decision-making.
• All key risk and exposure data segments (on a day-to-day basis)
• Full accumulation and aggregation of exposures
• Premium tracking
• All performance and economic input/output metrics
• All costing and pricing parameter metrics (highs, lows, averages)
• Risk management data
• Compliance and regulatory adherence data
• Power BI dashboards - Linked to the raw Master Data File
• Master Raw Data File - Downloadable (Excel File) – sent via email or
• Cloud sharing / Data Repository
Coming soon!
Built in User Authorities and Approval matrices to allow for counter sign off / 4 eye review and approval of risks from a single risk and accumulation perspective. The Referral and Restriction (R&R) capabilities allow for the Admin to implement fine R&R controls and approvals within the system, i.e., costing and pricing parameters, ratings, risk and deal parameters, wordings, etc.
Within the Administrative section of the tool, admin can review and have oversight of how the portfolio is being costed and which parameters are being utilised. High level portfolio composition data is also captured here such as Portfolio risk weighted life, average levels of Indemnity, participation, ratings, etc. These parameters are extracted from the downloadable Master Database file.
By allowing 3rd party services to be accessed through the platform and data from those providers to be uploaded into the system, it enhances the capability of the user through the utilisation and incorporation of diverse data sources.
Why not book a demo and see for yourself?
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In-development
