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Electing Adequate Limits to Change the Risk Program Status Quo
Webinar: Tuesday, November 8 @ 11am EST
How are insurance buyers and brokers campaigning for Limit Adequacy using Loss Benchmarking?
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Change the Risk Program Status Quo Webinar: Tuesday, November 8 @ - - PowerPoint PPT Presentation
Change the Risk Program Status Quo Webinar: Tuesday, November 8 @ - - PowerPoint PPT Presentation
Electing Adequate Limits to Change the Risk Program Status Quo Webinar: Tuesday, November 8 @ 11am EST How are insurance buyers and brokers campaigning for Limit Adequacy using Loss Benchmarking? SCENARIO Ive talked to my Broker and the
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Today’s Presenters
Jeffrey M. Cohen
Executive Vice President, Global Business Development
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Zach Boggs
Client Relationship Manager
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Loss Benchmarking
Compare a company’s loss experience relative to its peer group to identify loss characteristics.
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3.7M insurance programs $200B in premium 750K insureds Our free, 10-page Insurance Program Benchmarking methodology document shows how we track and match this transaction data. 350,000 events $7 trillion in loss value Our free, 8-page MSCAd Methodology report describes how we collect and curate loss event data.
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What Happens When You Combine Benchmarking Data and Loss Data?
DID YOU KNOW? In June 2014, Advisen received US Patent 8762178 B2 for a benchmarking “system and method for providing global information on risks and related hedging strategies.”
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Large Loss Data of Peers
How bad can loss events get?
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Loss Benchmarking
Compare a company’s loss experience relative to its peer group to identify loss characteristics.
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Limit Adequacy
What happens when you marry insurance program benchmarking with relevant loss data?
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Limit Quartile Chart
Is my limit an outlier?
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Loss Benchmarking
How much is the median loss amount?
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Breaking News!
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Reports on Demand Request Page
The Client Insight “Reports
- n Demand” order page
was recently updated with a new look and feel. Renewal and New Business report order forms have been combined into one. Users can now order Industry Program Benchmark Reports.
http://reportsondemand.advisen.com
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“Know Your Limits” Weekly Newsletter
Know Your Limits reviews the 15 news stories which best reflect why middle-market clients need an array
- f P&C coverage.
Client Insight users receive our “Know Your Limits” weekly newsletter in their inbox.
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Got Supporting Documentation?
- 10-page Insurance Program Benchmarking Methodology
document shows how we track and match this transaction data
- Our most-requested Loss Data collateral features macro
- verviews of our loss datasets
- 8-page MSCAd Methodology report describes how we
collect and curate loss event data
- Our 18-page Advisen Portfolio Analysis document illustrates
the benefits of comparing your Book of Business to Advisen’s Transaction & Loss data
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Q&A
Our next Client Insight Expert webinar will be on the following date: Wednesday, January 18, 2016 11:00 AM – 11:30 AM EST More Info
CONTACT US
info@advisen.com
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APPENDIX
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Conventional Loss Data Views
Compare to Peers
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Placement Analytics
Which Markets are writing a given coverage and at what attachment points?
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Placement Analytics
Which Markets are writing more of this cover than the other markets?
The chart above shows the shares of carriers' premiums in the prior four quarters. Note: "Rest of the Market" includes Old Republic International Corporation, ACE Limited, Fairfax Financial Holdings Limited, Alleghany Corporation, American Financial Group, Inc., AXIS Capital Holdings Limited, State National Group, Endurance Specialty Holdings Ltd., XL Group plc, Markel Corporation, James River Group, Inc., Arch Capital Group Ltd., Allied World Assurance Company Holdings Ltd., Argo Group International Holdings, Ltd., XL Catlin, EMC Insurance Companies, RLI Corp., Ironshore, Inc., Knight Specialty Insurance Company, Kinsale Insurance Company
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About Advisen Ltd.
Advisen is the leading provider of data, media, and technology solutions for the commercial property and casualty insurance market. Advisen's proprietary data sets and applications focus on large, specialty risks. Through Web Connectivity Ltd., Advisen provides messaging services, business consulting, and technical solutions to streamline and automate insurance transactions. Advisen connects a community of more than 200,000 professionals through daily newsletters, conferences, and webinars. The company was founded in 2000 and is headquartered in New York City, with offices in the US and the UK. +1 (212) 897-4800 | info@advisen.com | www.advisenltd.com