Only 5% of underwritten risks are supported by actual data. The inspections are done manually and take a lot of time
Created and patented by Virtual i Technologies, Virtual Risk SpaceTM [VRS] offers an innovative platform to assess risks of different sizes, from micro to large, before they happen. As a unique, technology-based and cost-effective platform, [VRS] brings immediate and visible results to the insurance industry.
Sustainable growth with improved profitability
12% Reduction in loss ratio
40% Increase in the Efficiency of Underwriters and Risk Engineers
90% Reduction in Inspection Costs
Portfolio Analytics and Reporting