Ways to Evaluate Appropriate Limits Webinar How are brokers - - PowerPoint PPT Presentation

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Ways to Evaluate Appropriate Limits Webinar How are brokers - - PowerPoint PPT Presentation

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Ways to Evaluate Appropriate Limits Webinar How are brokers changing the way they evaluate & recommend appropriate limits? Which loss types would exceed your limits? What dollar amounts attributed to the known losses exceed

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Ways to Evaluate Appropriate Limits Webinar

  • How are brokers changing the way they evaluate &

recommend appropriate limits?

  • Which loss types would exceed your limits?
  • What dollar amounts attributed to the known losses

exceed recommended limits? Thursday, September 24 @ 11 am EDT

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  • Repeat what you’ve

done before

  • Compare to what

you’ve done before

  • Some entities have

pre-established guidelines

  • “We engage in a bit of

‘back & forth’”

  • Ask your Broker
  • Ask your Risk

Management consultant

  • Proprietary models

Determining Appropriate Limits

Range of Options

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Advisen Benchmarking in a Nutshell

  • Total GWP
  • Total programs
  • Total contributors
  • Total LOBs
  • Total insureds

DOWNLOAD: http://www.advisenltd.com/program- benchmarking-methodology/

Our transactions database

  • f 3.3M insurance programs

and $200B in premium represents 665K insureds. Our free, 10-page Insurance

Program Benchmarking

methodology document shows how we track and match this transaction data. DID YOU KNOW? In June 2014, Advisen received US Patent 8762178 B2 for a eharkig syste and method for providing global information on risks and related hedging strategies.

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Insurance Program Benchmarking

Examples

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Insurance Program Benchmarking

Examples

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Insurance Program Benchmarking

Further Evaluation

“What are the strengths of these assorted approaches to answer benchmarking questions?” “At what time in the insurance cycle is the ideal time to review a benchmark?” “Where do the various approaches to determining appropriate limits fall down?”

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  • 300,000 events
  • $7 trillion in loss value
  • Other relevant “quick stats” parameters

Advisen Loss Data in a Nutshell

DOWNLOAD: www.advisenltd.com/loss-methodology/

Our free, 8-page

MSCAd Methodology

report describes how we collect and curate loss event data.

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Limit Penetration

What happens when you marry insurance program benchmarking with relevant loss data?

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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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Placement Analytics

Which Markets are writing a given coverage and at what attachment points?

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Client Insight Professional for Brokers

Includes Insurance Program Benchmarking and anecdotal Loss Data access

Client Insight Expert for Brokers

Also adds Limit Penetration, Loss Benchmarking, Placement Analytics

Risk Insight for Insurance Buyers

Advisen Options

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This webinar will be repeated

  • n the following dates:
  • Thursday, October 22, 2015

11:00 AM – 11:30 AM EDT

  • Tuesday, November 24, 2015

11:00 AM – 11:30 AM EDT

Q&A

Contact Us info@advisen.com