Conventional Benchmarking uses peer companies to make assessments. What happens when Loss Data enters the mix? Traditional Benchmarking gets super-charged when combined with loss exampl
es that showcase limit penetration points.
Advisen’s new Loss Benchmarking capability shows how a specific middle-market or large company compares to peers when comparing low frequency, high severity loss event data.
On Wednesday, April 20th at 11am EDT, Advisen’s Daniel Hobbs, Dan Alvisi, and Jeff Cohen showed how insurance buyers and brokers are using Loss Data to uptick their insurance program benchmarking. Which loss events pierce through certain limit levels? How can potential loss amounts above a limit be quantified? These straight-forward graphs enable both buyers and brokers to better understand the effectiveness of their insurance program limit and to attain a heightened level of confidence when selecting appropriate limits.
This free, 30-minute webinar is aimed at both Risk Managers and Brokers who need access to an independent, third-party set of policy transactions and loss data in order to review market trends and client-specific results.
The following panelists participated in the webinar:
