Gathering reliable, property-specific risk information and real-world loss experience is a challenge in itself. Blending these data elements to unlock new rating insight presents another level of difficulty that can strain your internal resources. Where do you turn?
Understand potential losses through the interaction of key variables to determine whether a property falls within your risk appetite.
Determine appropriate premiums using filed commercial property loss costs—a powerful driver of underwriting and pricing.
Give your insureds risk improvement recommendations, an important service that can help retain business, expand your underwriting appetite, and improve the quality of your portfolio.
We use our SCoPES to develop specific loss costs. It’s a nationally recognized method of evaluating potential losses through the interaction of key variables such as construction, hazards, private and public protection, and occupancy.
Details related to the building’s construction, hazards, public and private fire protection, occupancy, and other exposures support BGI and BGII loss cost calculations.
We base these adjustments on an annual actuarial review of premium and loss data.
We incorporate the latest industry loss experience to develop loss costs tailored to the property conditions we find.
Use Risk Improvement Recommendations for insights on building and occupancy hazards that can help you reduce insured risks, control losses, and offer the most competitive quote.
For each building and occupant, we can:
The simplest risk improvements can make a significant difference in loss costs.
Offer your customers a more competitive quote when you:
See the full scope of commercial property risk.
Compete and grow profitably in commercial property with reliable data and advanced analytics.
Make more informed underwriting decisions with core property details and potential hazard information built on a foundation of site-verified data.
Identify high-risk exposures and mitigate potential claims with critical roof details.
Keep property owners better protected with reliable, component-based, claims-driven replacement cost estimates.