Analytics

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Identify exposures and mitigate your total cost of risk

Understanding your risks and mitigating exposures is critical to your risk management program and requires planning. At Risk Strategies, our team helps you identify where losses may come from, quantify the severity and frequency of claims, and analyze the data through:

  • Risk mapping
  • Loss forecasts, analytical modeling, and benchmarking
  • Accident analysis summaries
  • Internal balance sheet estimates of ultimate liability
  • Insurance program negotiation and collateral calculations
  • Allocation of costs to client business units

Our unique approach uses an integrated team effort where analytics, claims, and loss control work in complete unison to fully understand your risks and past losses. This, in turn, helps to minimize your total cost of risk and ensure business continuity.

Data Analytics

We use data analytics to drive the design of Claims Management and Loss Control/Safety programs. Every element of the risk management puzzle must be leveraged in such a fashion to complement the other pieces. When you see the entire picture, you can make better decisions. Analytics can involve a variety of services and solutions, including:

  • Collecting and reviewing claim data
  • Loss data and trend analysis claim reports
  • Root cause analysis
  • Mod factor review
  • COPE data gathering and validation
  • Financial data analytics
  • Property analytics
    • CAT Modeling
    • Flood Modeling
    • Property Valuations
  • P&C Benchmarking

Industry Experts

John Meder

National Risk Management Practice Leader

Mike Marinelli
Risk Analyst
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