COMMERCIAL PROPERTY

TYPES OF WORK

• Pricing Model Reviews – Reviewing internal models being utilized by clients to price commercial property risks, and providing loss ratio projection in support of discussions with reinsurers and insurance carriers.  Also, benchmarking existing models.
• Pricing Model Development – Creating pricing models for clients to use, built using industry rating information.
• Captive Feasibility Studies – Providing exposure and experience rates for commercial property coverage for entities forming a captive insurance company.  Also assisting with pro formas as part of feasibility studies to support discussions with other parties.
• Program Loss Analyses – Assisting Managing General Agencies and other insurance program managers with loss analyses to allow them to present their results to insurers and reinsurers.

INDUSTRY EXAMPLES

• Senior Care – Helped a large senior care service provider develop an elderly residence-focused property rating structure using industry rates and factors.
• Construction – Helped a client create a property exposure rating template that is used to estimate the property insurance premium for construction projects that are covered by the client’s captive insurer.
• Agriculture – Helped a large agriculture underwriter with the review of a property rating and capacity setting algorithm that is used to price and tailor property coverage for an insurance program targeting toward small poultry farm companies with older, less protected properties.
• Brokerage – Helped a large brokerage firm to develop a property non‐catastrophe exposure and experience rating template — using location‐level building, contents, and time element values — to quickly and efficiently evaluate alternative occurrence and aggregate retention structures for its captive and brokerage clients.