2015 NAPSLO San Diego, CA 2015 NAPSLO Agenda How are you doing? - - PowerPoint PPT Presentation
The Standard of Excellence in the E&S Wind Market 2015 NAPSLO San Diego, CA 2015 NAPSLO Agenda How are you doing? Elite Producer Statistics How are we doing? AmRisc Stats What are we doing? Product
www.amrisc.com
“How are you doing?”
“How are we doing?”
“What are we doing?”
“What is The Market doing?”
Let’s Celebrate 15 years! – But first, Q&A
www.amrisc.com
The Standard of Excellence in the E&S Wind Market
www.amrisc.com
PRODUCER LOGO
www.amrisc.com
The Standard of Excellence in the E&S Wind Market
25
55 80 100 125 125 255 287 214 332 380 365 475 548 603 685 27 106 163 204 231 260 302 311 315
100 200 300 400 500 600 700 800 900 1000
Brokerage Agency Total E&S 94% 6% 100% Admitted 71% 29% 100% Split B/A 86% 14% 100%
66 Underwriters 18 yrs avg ~$15M per UW
$100M
$M E&S Per Risk Capacity Growth 2011-2015
Top 5 PRODUCERS Percentage
CRC 26 % AmWINS 17 % Peachtree 11% All Risks 10 % Swett 5 % Top 5 Total 69 %
Apartments 36% Real Estate 20% Munis & Schools 13% Condos 13% Technical Risks 15% Other 3%
E&S Premium Split
Florida 47% Texas 21% GA, NC, SC 9% AL, LA, MS 16% Other 7%
E&S TIV by State
E&S Admitted Policy Count 5,600 4,300 Average TIV $35M $10.6M Average Premium $140K $73K
www.amrisc.com
The Standard of Excellence in the E&S Wind Market
www.amrisc.com
General Property $315m E&S & $323m ACIC
Technical Risks $113m GWP
National Accounts $110m GWP
Eastern Seaboard $52m GWP
Specialty Products $41m GWP
Written Premium
Florida counties
Demand (June)*
Group launch
Wholesaler protection
American Coastal Transaction announced
remains MGU for E&S Carriers and American Coastal
Coastal 6/1 purchase by Sr. Mgmt.
were five..” High Demand Counties *
INCREASE *
Commission INCREASE*
Force Premium
*Over the last 15 months, AmRisc has moved 11 counties out of High Demand and
raised the standard yielding HIGHER COMMISSIONS for ALL ELITE PRODUCERS.
www.amrisc.com
The Standard of Excellence in the E&S Wind Market
Charley Francis Ivan Jeanne Katrina, Rita, Wilma RMS 11 2/28/2011 Financial Crisis 2008-2009 Coastal capacity disrupted, e.g. Condos begin to leave open market for Citizens
Premium, Deductibles, Coverage, Terms & Conditions – not just Rate” (100% MP = 32% Design Loss Ratio)
100% MP = “still profitable”
~140%CAT MP AUG 2015
(with 6 month moving average)
www.amrisc.com
2015 2016 Outlook Softening continues Large Industry
event before softening plateaus. ~10% MP YOY DECREASE as in previous 24 months
www.amrisc.com
We continue to target/expand in the coastal wind market. Product growth will be organic Market Challenges differ from past cycles – the past is rarely prologue. We continue to grow with our ELITE PRODUCERS even in this challenging market. Listen to the customer
www.amrisc.com
The Standard of Excellence in the E&S Wind Market