RAS uses RiskMap®, its proprietary IP, to dive deep into organizations’ historical loss data (primarily Property & Casualty). Some of the common objectives are to:
• Discover whether Historical Loss Data may reasonably support negotiation of significantly lower insurance premiums.
• Calculate Self-Insured Retentions (SIRs) and Loss Layers that help maximize retention strategy.
• Demonstrate impact of Safety & Loss Control programs in reducing frequency & severity of losses.
• Analyze Potential Ways future losses might be reduced.
RAS works with Insurance Brokers, Consultants, Risk Placement Organizations, Self-Insured Entities, and others.
Our objective in working with Brokers is client retention: to help them get the best deal for their clients. We can do their analytics when they don’t have their own data analytics teams. And we can support brokers that have internal data analytics teams, potentially saving time and providing additional types of analytics.
Testimonial from Restoration Risk Retention Group
(Serving SERVPRO® Franchisees)
“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
https://www.linkedin.com/in/mconnell55/
