Dynamic Casualty Forecast

This state-of-the-art analytical tool suite provides data driven recommendations for your organization's casualty program. This tool empowers your organization with a dynamic view of loss potential in the context of key performance indicators, facilitating incisive evaluation of various retention strategies.

The tool provides ground-breaking interactive support by examining the Total Cost of Risk as a percentage of your EBITDA across the full range of loss scenarios. We deliver an immediate view of the risk-return continuum for Workers' Compensation, UK Employers Liability, General Liability, and Auto Liability in the US, Western Europe, and Canada.

Our refined evaluation of your risk guides your risk management strategy with:

  • A dynamic and actuarially sound view of casualty risk, blending your own loss history with industry factors
  • Produces multiple alternative sets of forecasting analyses designed to drive retention selection or assess efficacy of guaranteed cost programs
  • Engages all levels of your organization with best-in-class visualizations of risk and cost, promoting financially driven decision support
  • Links risk and the associated retained loss volatility to various financial metrics, promoting a risk tolerance approach to your casualty risk strategy
  • Presents pricing indications which consider your claim severity relative to the industry

Why should you use Dynamic Casualty Forecast?

  • The Dynamic Casualty Forecast helps you evaluate the optimal retention strategy given your budget and tolerance for risk. See the full range of financial impact of retained casualty losses and compare the Total Cost of Risk for up to three insurance programs.

For whom is it appropriate?

  • For clients in the U.S. and Canada: This tool is designed for clients who have experienced at least 30 claims over the last three years and want to evaluate retentions levels of $10,000 to $10,000,000 for Auto Liability and General Liability and retentions levels of $10,000 to $20,000,000 for Workers' Comp.
  • For clients in the U.K. and Europe: This tool is designed for clients who have experienced at least 50 historical claims over four years and want to evaluate retentions from 1,000 to10,000,000 (£ or €) for Employer Liability and Public Liability and 100 to 10,000,000 (£ or €) for Motor Liability.

What geographies does this tool support?

U.S. U.K. Canada Europe
Auto Liability Motor Liability Auto Liability Motor Liability
General Liability Employer Liability
Workers' Compensation

When should you use Dynamic Casualty Forecast?

  • Ahead of your casualty insurance renewal to determine expected retained losses, evaluate retention changes, and gain insight on excess layers
  • Reevaluate throughout the year with updated loss runs
  • When considering acquisitions or divestitures which may affect your casualty exposure

What can I do with information gained from Dynamic Casualty Forecast?

  • Drive your retention strategy
  • Evaluate the efficacy of Guaranteed Cost options
  • Continue your analytics journey to policy renewal with Collateral Quantified

Future Enhancements

  • Evaluate aggregate retentions in insurance structures.
  • Profitability analysis – historical evaluation of your portfolio of casualty coverages.
  • Customized distributions not only by geography and hazard, but also by industry.
  • Enter actual market premiums to compare indicated rates and alternative quotations.