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Digital platform for risk managers to share exposure data debuts

risk management

A digital platform that will allow risk managers to maintain and share their exposure data globally with insurers and brokers to speed up renewals launched Thursday at the annual conference of the U.K. risk and insurance management association Airmic in Manchester.

Big Ticket Inc. is backed by founding partner MasterCard Inc. and venture capital investors including San Francisco-based Fin Capital. Global advisory board members include Aon PLC, Aviva PLC, Oasis Loss Modeling Framework, Zurich Insurance Group Ltd., Pool Reinsurance Co. Ltd. and Motive Partners.

The platform is available at no cost to risk managers and insurance buyers.

Big Ticket will slash costs, enhance data security and free up resources, Julia Graham, CEO of Airmic and chair of the Big Ticket advisory board, said in a statement released by Big Ticket.

A standardized, digitized approach to structuring exposure data will help drive better decisions, benefiting risk managers and industry participants, Joe Peiser, commercial risk leader for North America at Aon, said in the statement.