Insurance runs on information. Our insights will help Brokers, Insurers and Claims Handlers
Understand the Chemical Risk
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Brokers
Simply upload documentation from your client. HazEL will locate all the chemicals mentioned. You can then have an informed conversation with Insured or Insurer about suitable policy terms.
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Insurers
Get a complete overview of all the chemicals to be covered by a policy. We apply a robust numeric algorithm (without AI guesswork) to show you all the chemicals compared on three attributes: toxicity, likelihood of exposure and research interest. You can then choose your wordings or add exclusions accordingly.
We’ve written up the particular use case of an API to help with bordereau pricing. Read more.
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Claims Handlers
We add science to the estimation of reserves. When a claim comes in, you upload the list of chemicals involved, and use our analysis to set claims reserves. Where a chemical is relatively benign, you can reduce the reserve immediately.
HazEL is an innovative, easy to use chemical risk assessment tool.
Potential environmental, and product and personal injury liabilities mean that chemical insurers must be diligent in their risk assessments. HazEL provides a robust and elegant way to define that risk.
Compare
Compare new and existing chemicals using toxicity and environmental pathway parameters. Data is sourced only from globally recognised regulatory agencies such as the USEPA, EU and GHS and is regularly updated, so you can be assured of its reliability.
Real Time
Real time academic monitoring keeps you and your clients informed of the latest chemical trends and developments - including alerting you to chemicals of emerging concern.
Save Time & Money
Determining insurance needs in the chemical field is complex, dynamic and expensive. HazEL streamlines the process by ranking chemical concerns according to both human health and environmental risks.
Communicate
Simple to use filtering options allow for customisable risk assessment specific to your client’s needs.
Secure
Your proprietary information is protected by our robust programming architecture.