10/14/2013 Catastrophe Underwriting Specialist 2013 NAPSLO S A N D I E G O, C A OVERVIEW Elite Producer Statistics AmRisc Stats/Update Market Conditions/Forecast AmRisc Online www.amrisc.com 1
10/14/2013 Elite Producer Statistics Company Name www.amrisc.com Update • Overall Stats • Capacity Providers Update • Product Updates www.amrisc.com 2
10/14/2013 AmRisc Stats As the largest CAT-focused MGU in the United States, AmRisc is YOUR market for catastrophe-exposed risks. Insuring over $100 Billion TIV with over 7,600 middle-market policies in-force. E&S Occupancies Covered E&S TIV by State Other 5.1% Other 4.4% Alabama, Industrial & Louisiana, Manufacturing Mississippi 12.8% 16.1% Apartments Florida 34.1% Condos Georgia, NC, 43.1% 13.6% SC 8.7% Munis & Schools Texas Real Estate 13.5% 27.7% 20.9% www.amrisc.com AmRisc Stats Written Premium 900 2013 Projected = $850M E&S~ $543M ; ACIC~$307M 800 700 $650M YTD 600 Aug. 2013 500 400 Premium Source Total E&S ACIC 300 Wholesale 85% 93% 70% 200 Retail 15% 7% 30% 100 0 2006 2007 2008 2009 2010 2011 2012 2013 E&S ACIC Projected E&S Projected ACIC www.amrisc.com 3
10/14/2013 AmRisc Update - Capacity Providers Manage over $2.5 Billion PML capacity from top-rated Catastrophe markets AM Best A AM Best A+ AM Best A XL (Indian Harbor) added 11/2012 AM Best A Demotech A’ Unsurpassed Tower Group (Hermitage or York) added 8/2012 AM Best A AM Best A- www.amrisc.com Product Updates since 2012 NAPSLO “With the addition of XL and Tower, along with additional PML & Per Risk Capacity from our current carriers, AmRisc can now deliver up to $150M Per Risk CAT capacity.“ May 2013 – official launch www.amrisc.com 4
10/14/2013 Product Update - AmRisc Primary Official launch 5/2013 AmRisc Primary now reinforces the Consistently offers 5 to 25% stretch primary share up current program and to $35M per occurrence can prevent Follow lead terms on Expiring Broker Manuscript or competition later. Company forms Target Real Estate, Public Entity, Lessor’s Risks, Retail, Hospitality, and Assisted Living Deliver the A-Rated “Basket of Securities” used in all AmRisc products Accept your SOV – better risk information will bring a prompt, refined quote Target TIV $250M to $5B – U.S. companies with coastal CAT exposures www.amrisc.com Market Conditions/Forecast • 2012 • 2013 • Forecast www.amrisc.com 5
10/14/2013 2012 – CAT Losses Global 91% of all natural catastrophic losses in 2012 came from U.S. event (long-term average of U.S. percentage of global event losses=57%) Earthquakes - Italy Typhoon - Philippines U.S. Total insured losses = $58B (slightly above 10-year average loss rate) Super Storm Sandy losses excess of $25B Thunderstorm event losses exceed $14B Severe drought/dry conditions led to damaging wildfires Overall Hurricane Season relatively quiet (Beryl, Debby, Isaac) Source: Munich Re; Insurance Information Institute www.amrisc.com 2013 – YTD CAT Losses Low CAT losses YTD Insured losses currently low relative to 10-year and 30-year averages Globally - $32B insured loss U.S. - $13B insured loss No significant earthquakes worldwide Minor tropical activity overall Source: Munich Re; Insurance Information Institute www.amrisc.com 6
10/14/2013 2012-2013 Market Conditions & 2014 Forecast Capital/capacity Capacity strong when Sandy hit; remains close to historic highs in 2013 Reinsurance markets – prices beginning to fall RMS13 relaxing constraints – response differs single or multi-model shop AmRisc Carriers using RMS11 metrics for 2013 Pricing Commercial lines pricing stable especially in CAT areas Underwriting Investment income remains weak due to persistently low interest rates Companies continue to maintain disciplined underwriting guidelines www.amrisc.com Product Development www.amrisc.com 7
10/14/2013 Product Development November 2013 Release • Key Features: • Up to $2.5M TIV • No Clearance • No Zip Code “shutdowns” • Quotes 24/7 • Ease of use - options, SOV import OR per building data entry • Request to Bind response within 24 hours • Boosts Elite Producer Points as only binder counts as a submission www.amrisc.com AmRisc Online Video www.amrisc.com 8
10/14/2013 Product Development Rollout Timeline November 2013 – Pioneer group rollout Webex and Training videos All Producers can send “in-house, online” submissions December 2013 – Universal access www.amrisc.com Houston, TX Morehead City, NC Birmingham, AL 20405 SH 249, Ste. 430 3710-A John Platt Drive One Metroplex Drive, Suite 230 Houston, TX 77070 Morehead City, NC 28557 281.257.5100 Birmingham, AL 35209 252.247.8760 205.414.2361 Toll Free 888.919.8142 Toll Free 877.284.4900 Stamford, CT Davie, FL Atlanta, GA 351 SW 136 Ave, Ste. 201 2500 Northwinds Pkwy, 4 Landmark Square, Ste. 301 Ste. 225 Stamford, CT 06901 Davie, FL 33325 Atlanta, GA 30009 203.658.9150 954.889.3384 770.557.0037 www.amrisc.com 9
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