Put the analytics into your decision-making: we can help you get a better understanding of your risks and to seek better value from your insurance programme.

Loss-forecasting is the essential first step in finding the most effective insurance programme – and it’s where we excel. Using our in-depth knowledge and experience, plus our state-of-the-art actuarial modelling tool Prism, we will explore your risks and compare a wide range of alternative programmes (including non-traditional structures involving captives or mutuals) to support key decisions at renewal time.

Many organisations don’t realise just how exposed they are. Our analysis regularly identifies the gap between their level of exposure and their maximum insurance coverage, and provides the evidence risk managers need to justify adjusting their corporate insurance programme.

Who could benefit from this service?

  • Any organisation which wants to review the structure and efficacy of its risk-management programme and its financing mechanisms
  • Large enterprises, with diverse and/or globalised risks, where it may be difficult to track the scale and ever-changing nature of their exposure to risk
  • Organisations which may face limits on the insurance available to them; for example, if located in known earthquake hotspots or on floodplains
  • Clients with captive insurers, where we can validate a risk-based calculation of capital requirement (as required for compliance with Solvency II and other regulatory changes)
  • Any organisation looking to source appropriate alternative quotes, in real time, during an insurance renewal process

What’s involved with total-cost-of-risk analysis?

A detailed loss-forecasting and programme-design exercise will typically comprise:

  • an analysis of the frequency of risk claims by type (benchmarked against industry loss frequency)
  • a review of the severity profile of risk claims (also compared against industry experience)
  • modelling of natural-catastrophe exposures, including real historical events
  • analysis of the total (aggregate) cost of claims, allocated by layer of insurance
  • the variability/uncertainty inherent in the losses by layer
  • an overall comparison of insurance programme options (to include the cost of self-insured claims)
  • the capital required to support the variability in self-insured claims and the projected premium level for different options
  • stress-testing of alternative programme structures.

Why work with us?

  • We have many years of experience advising blue-chip businesses
  • Our analytics team understands how to structure the optimal insurance programme
  • We customise every process to every client, because one size doesn’t [italics] fit all
  • We can process loss data quickly and accurately, achieving a faster tailored solution for you, thanks to our state-of-the-art actuarial software, Prism Link to page
  • Since we understand that historical losses don’t necessarily indicate future loss potential, we use industry loss data to create a more credible and robust model – factoring-in data from engineering assessments or studies
  • We independently evaluate exposures to windstorm and other natural catastrophes
  • Our reports are highly visual, immediate and easy to assimilate

Please get in touch

We welcome any exploratory conversations about our loss-forecasting & programme design services. Our key contacts are listed below.

View our glossary of insurance terms

Loss Forecasting & Programme Design Key Contacts