Audeamus Risk B2B platform accepts information prepared by Business Continuity Practitioners certified by the Business Continuity Institute (www.thebci.org) or Disaster Recovery Institute International (www.drii.org) and enables companies to place their Business Impact Analysis data into the open market through its BIAX module, where Insurance companies and alternative insurance providers can express their risk appetite for a particular industry, geography, loss- magnitude or type of organisation. Accordingly, they can seek further information or place immediate bids to secure business and provide appropriate Business Interruption Insurance cover.
The key objectives of the platform are to reduce costs, provide greater benefits and improve flexibility to both insurers and cedents.
Audeamus Risk does not provide any advice but rather serves as an intermediary that facilitates transactions in a transparent and secure environment.
Enhancements to the trading platform will be released in phases, each phase undergoing stringent data integrity checks while the emerging IoT sector destined to become the “norm” for connecting real-time supply chain, manufacturing, critical process industries and sensor technologies matures along with relevant ISO and other industry standards.
We are currently in beta testing phase and seek to provide all stakeholders the opportunity to influence our solution.