Many types of clients have benefited from RiskMap®. Below is a partial list of client types:
MEDIUM AND LARGE CORPORATIONS…
… are one of several type of clients Risk Analysis Services work directly with. RAS also targets other groups listed below.
CAPTIVES, RISK RETENTION GROUPS & RISK POOLS…
…use RiskMap® for improved placement of insurance and, to negotiate Reinsurance premiums. Also RiskMap® enhances and refines analytical support for collateralization.
The Power of RiskMap® gives Captive & Risk Retention Group Managers greater credibility in the reinsurance market:
“Alan Cantor and RAS assisted our Company in documenting Loss Trends by Loss Layer, helping us reduce our Treaty Costs by over 15% by better managing our retention for maximum efficiency. The analysis also helped us support our new retention strategy with regulators, rating agencies, and our Board of Directors.”
Mike Connell, President, Restoration Risk Retention Group
A Risk Retention Group Serving SERVPRO® Franchisees
https://www.linkedin.com/in/mconnell55/
SELF-INSUREDS…
…use RiskMap® for Budgeting and Trend Analysis. Also it’s used to assess and incorporate changes in procedures to based on loss trends.
Using RiskMap® helps gain better insight into the claims experience within the SIR. RiskMap® runs hypothesis testing on the impact of raising or lowering the SIR. It also helps to determine which lines of coverage should either stay in the commercial market or retained as self-insured.
RAS has capabilities to build risk pricing models for unique and specialized risks. (see Nuclear Power White Paper #2)
INSURANCE BROKERS…
…use RiskMap® to Turn Loss Runs into an Analytical Report for Shopping the Risk as well as shopping an entire portfolio, comparing one carrier with another.
RiskMap® enables sophisticated regional and local agents/brokers to compete on a much more equal playing field with the major brokers. It will enable you to understand, comprehend and manage all of your clients with one carrier, to negotiate changes on that book of business. For certain clients and prospects, RiskMap® will also facilitate finding more appropriate carriers for each particular risk.
TPAs…
…use RiskMap® as an Independent Third-Party Platform to help win business from Self-Insureds and Insurance Carriers.
INSURANCE COMPANIES & PROVIDERS…
…profitably write lines of business by utilizing RiskMap® to Understand the Changes in Loss Trends. Use RiskMap® to get ahead of changes in an industry or class of business.
RiskMap® will speed automation of underwriting processes. RiskMap® can be customized with output that will suggest pricing. It expedites the process of rating and pricing the risk, including integrated audit trails.
ACTUARIES…
…use RiskMap® to Run Hypothesis Testing to Deliver Greater Insight Into the Risk. Actuaries use RiskMap® to help certify the reserves on their client’s balance sheets.
RiskMap® has also helped these groups:
School Districts, Police Departments, Transportation Departments, Archdioceses (e.g., Archdiocese of LA), Manufacturers, Automobile Dealerships, Government Entities (e.g., Illinois State Toll Highway Authority), and Non-Profits. SEE THIS LARGE CLIENT LIST…
