Our primary service is to help our clients save money and improve operations. We analyze your historical loss data, which will help you better understand your businesses and better represent your risks to the insurance marketplace. The analysis reports can often lead to lower insurance premiums and can improve claims experience and may suggest ways to improve operations. In addition to the analysis reports, we offer consulting services to help interpret reports (and present to underwriters). Sometimes consulting indicates possible beneficial additional analyses.

Company Liability: The Service is provided for free during this pilot project, and is provided “as is” with no warranty. Conclude will provide User support for the Service, however; Conclude is not committed to any level of service or availability of the Service.

You should provide at least 4 or more years of loss data, with at least 10 of the same types of claims per year. The credibility of the loss projections depends upon the quality and nature of your data. aesthetic synth nesciunt you probably haven’t heard of them accusamus labore sustainable VHS.

We provide good analyses of whatever the data tell us. Whether the loss projections provide credible estimates of expected losses depends entirely on the nature of the data. aesthetic synth nesciunt you probably haven’t heard of them accusamus labore sustainable VHS.

Yes. We can estimate your frequency of claims as well as your frequency rate of claims (per appropriate exposure base). The credibility of our estimates depends on the nature of the data. If trends reveals high correlations and low volatility, the projected results can be considered credible estimates of expected losses. aesthetic synth nesciunt you probably haven’t heard of them accusamus labore sustainable VHS.

By running multiple sets of analyses with varying slices of your data at different loss levels (layers), we can help you present a more comprehensive, nuanced picture to underwriters. In this manner, we have helped clients obtain more advantageous risk transfer pricing, saving 15% or more on their insurance premiums. aesthetic synth nesciunt you probably haven’t heard of them accusamus labore sustainable VHS.

Loss runs (listings of all claims) for successive valuations of a given year’s reported losses on a common anniversary date, for at least 4-years (preferably 6 to 10 years, max 15) of incurred loss data. aesthetic synth nesciunt you probably haven’t heard of them accusamus labore sustainable VHS.

which produces Loss Payout Development (LPD): Loss runs (listings of all claims) for successive valuations of a given year’s reported losses on a common anniversary date, for at least 4-years (preferably 6 to 10 years, max 15) of incurred and paid loss data.

at least four successive years (preferably 6 to 10 years, max 15) of total incurred loss amounts and numbers of claims, corresponding annual exposure data plus exposure data for current year and next year(s) for which projections are desired.

organizational effective tax rate, discount rate (cost of capital), loss payout development (for SI, ILR, PLR and other loss-sensitive plans [or approval of standard LPD]), other data elements – cost components where needed for specific RF plans.

• Workers’ Compensation (WC):

  • Number of employees
  • Payroll

• Auto:

  • Number of vehicles
  • Vehicle miles
  • (If fleets of trucks and cars, provide corresponding data for each)

• General Liability (GL):

  • Sales
  • (If multiple divisions or business units, include data by business units and locations, if available)

• Healthcare:

  • Number of lives
  • (If loss data are broken down by age ranges: Number of lives per age range segment)

• Aviation:

  • Takeoffs/landings
  • Seat-miles

Loss Development Reports:

• Executive Summaries for each of multiple analyses
• Detailed Analyses for each of multiple analyses
• Comparative Analyses for similar analyses with the same Self-Insured Retention (SIR)
• Includes:
  • Incurred Loss Development Factors
  • Frequency of Loss Development Factors
  • Paid Loss Development Factors

Loss Forecasting Reports:

• Executive Summaries for each of multiple analyses
• Detailed Analyses for each of multiple analyses
• Comparative Analyses for common SIR levels
• Includes:
  • Projected Total Losses
  • Projected Frequency Rate of Claims
  • Projected Frequency of Claims
  • Discounted After-Tax Cash Flow
• All results include:
  • Relevant graphs
  • Full audit trail of calculations and statistics

Yes. We collaborate with your broker to support their efforts in securing the best financial outcome for managing your risks.

Yes. We collaborate with your broker to support their efforts in securing the best financial outcome for managing your risks.

Yes. We collaborate with your broker to support their efforts in securing the best financial outcome for managing your risks.

Yes. We walk insurers through the rationale behind our findings and work with underwriters to ensure a thorough understanding of your risk and expected losses.

Yes. We provide training and help develop efficient policies and procedures. This may include:

• Working with your existing data tools and systems
• Assisting in acquiring or implementing enhanced data collection systems

Yes. If supported by the data, we can perform detailed location-by-location analyses in addition to enterprise-wide assessments.

Yes. We have worked with various other risk analysis organizations and can collaborate as needed.

Typically, we deliver results within 5–7 business days after receiving all required data.

• Turnaround may vary based on:
  • Number of analyses requested
  • Data complexity
• Expedited service may be available for an additional fee, depending on your needs.