Our services
insurance agencies advisory
Underwriting agencies, or managing general agencies (MGA), are part of a fast-growing segment in the insurance industry. Their specialised knowledge and unique access to distribution and ultimately clients are of significant value to insurers and brokers.
Start-ups and more established underwriting agencies often do not have a requirement for full-time actuarial or analytics roles. Nevertheless, an ability to review trends in their portfolios and communicate these accurately to current and future capacity providers can prove invaluable in securing the right relationships. Additionally requirements imposed by capacity providers in relation to financial objectives, or catastrophe exposures, need interpretation and coherent communication to underwriters. Robis Consulting can help with all aspects of your portfolio analysis, no matter how big or small your portfolio may be.
Areas in which we can provide analysis and advice:
- Profit Objectives – we can analyse objectives imposed by capacity providers and effectively communicate financially coherent targets to underwriting management regarding expenses, loss ratios, cat exposures and reinsurance to ensure alignment
- Claims – conduct deep dives on claims experience to analyse and project future expectations
- Pricing/Underwriting – review of pricing models and underwriting guidelines to assess their effectiveness in achieving objectives and discriminating between risks
- Portfolio Monitoring – detailed analysis of adequacies, rate change, retention rates, risk profiles, claims frequency and severity
- Products Development – analysing pricing, underwriting, wordings and systems requirements for new products
- Business Plans & Budgets – assistance in analysing and capturing information required by new capacity providers in business plans and budgets
Rob has a keen interest in providing advice to perceptive underwriting agencies on the breadth and richness of the control options available to them to successfully manage their business.