Uncertainty Mark-up For Catastrophe Coverage Placing You First Insurance Podcast By CRC Group podcast

Placing You First Insurance Podcast by CRC Group « »

Uncertainty Mark-up for Catastrophe Coverage

2y ago 13:57

Dela

Innehåll tillhandahållet av CRC Group. Allt poddinnehåll inklusive avsnitt, grafik och podcastbeskrivningar laddas upp och tillhandahålls direkt av CRC Group eller deras podcastplattformspartner. Om du tror att någon använder ditt upphovsrättsskyddade verk utan din tillåtelse kan du följa processen som beskrivs här https://sv.player.fm/legal.

Uncertainty can prove costly when it comes to purchasing property insurance. When pricing catastrophe risks, underwriters must be able to quantify them accurately. Where uncertainties arise, underwriters often adjust prices in an attempt to compensate for the unknown or decline the risk entirely. Uncertainty also tends to drive up the loss estimates produced by CAT modeling tools used to help underwrite property coverage today. To avoid paying unnecessarily high prices, insureds should provide detailed data that creates a complete and accurate picture of their exposures in a schedule of values. Complete submissions based on more precise data are likely to receive a warmer welcome from underwriters who have seen an increase in submission volume in the current market. Brokers that can provide a detailed catastrophe risk assessment report using the latest modeling technology can help clients make more informed decisions about risk transfer strategies and better position them to achieve the most cost-effective insurance program.
Learn about CRC Group's CAT modeling tools and processes, and why the company is uniquely positioned to give you the edge when it comes to property risk.
Featuring:

Colin Morris is a Senior Risk Analyst with CRC Group’s Red Bank, NJ office.
David Pagoumian is the President of CRC Group’s Red Bank, NJ office. David specializes in property placements and is an active member of the Property Practice Advisory Committee.

Visit REDYIndex.com for critical pricing analysis and a snapshot of the marketplace.

Do you want to take your career to the next level? Join #TeamCRC to get access to best-in-class tools, data, exclusive programs, and more! Send your resume to resumes@crcgroup.com today!

Kapitel

1. Uncertainty Mark-up for Catastrophe Coverage (00:00:00)

2. What is uncertainty markup? (00:01:33)

3. Why is this critical for pricing? (00:03:15)

4. What info does the risk assessment report provide? (00:05:04)

5. How does the risk assessment report benefit insureds? (00:07:02)

6. Our underwriters asking for more information? (00:08:08)

7. What is the easiest way to get a report? (00:10:41)

92 episoder

Colin Morris is a Senior Risk Analyst with CRC Group’s Red Bank, NJ office.
David Pagoumian is the President of CRC Group’s Red Bank, NJ office. David specializes in property placements and is an active member of the Property Practice Advisory Committee.