GRC Connect

GRC Connect is a state-of-the-art risk engineering database from Global Risk Consultants Corp (GRC) that houses all your property risk data in one place. With real-time updates and interactivity powered by Microsoft Power BI, your team can use GRC Connect to keep track of every site inspection, risk recommendation, Construction Occupancy Protection Exposure (COPE) information, and loss exposures, including loss exposure reduction. It provides access to all loss prevention information on fire, boiler and machinery, infrared, jurisdictional and natural hazards, and more.

With GRC Connect, risk managers can access all the data they need to share with brokers to help determine how to best deliver their risk profile to the insurance markets and why they should bet on their risk portfolio. It has the reports, charts, graphs, documents, project reviews, and summary analysis to visually show insurance panels that you’ve analysed potential hazards and made changes to better protect your property.

Risk managers are facing disciplined underwriting, inflation, coverage gaps, and other issues unique to today’s economic climate. The common denominator for handling them is clear – data.

Market conditions highlight the need for accurate, contextualised risk data. This is important considering several unique trends. Firstly, natural catastrophe exposures exacerbated by climate change have led to historic losses and a bifurcated market where businesses in certain regions struggle to get coverage. Secondly, carriers have reduced capacity and are still scrutinising risk profiles despite market softening. Thirdly, the additional cost of recovery and risk mitigation has led to property valuations that may not fully cover rebuilding or replacement costs.

Accurate, robust data enables risk managers to “sell” their risk profiles to underwriters, gain favourable insurance terms and conditions, make strategic risk management decisions, and create more resilient organisations. This calls for advanced data analytics tools such as GRC Connect.

With GRC Connect, risk managers can access all the data they need to share with brokers to help determine how to best showcase their risk profile to insurance markets. It has the data, metrics, and reports that show insurance panels you’ve analysed potential hazards and made changes to better protect your property.

Among the advantages of Microsoft Power BI is that it allows risk managers to drill down into their data to perform an in-depth analysis of their risk portfolios. Slice-and-dice your data however you see fit to best capture your successes for the market. For example, you can view all risk engineering recommendations in one place, rank them by potential impact, and determine how much loss exposure reduction you can achieve by making appropriate changes. This is also a great tool to help determine where best to spend your Cap-Ex in order to get the best return on your investment while reducing your overall risk.

Using an assigned User ID and password, you can access important documents, such as current and archived reports, plan and project reviews, loss estimates, COPE data, servicing and scheduling information, management reports and more. Multilevel access lets you control who can access specific information based on your company’s needs: corporate (all), division (as identified) and location (by user/by location). Database connectivity is available online and easily and securely accessed via the GRC website using a single login process. You will gain access to information at the program level, facility level, and more.