Case Studies
 
Problem… An association wanted to provide a significant self-insurance program for its members through a formalized risk-financing vehicle.
 
Solution… Using statistical modeling, develop loss projections for the exposures to be included in the program for a variety of different layering and aggregate structures. Determine the optimal structure from a technical perspective. Assist the broking specialists with the interpretation and application of the results of the analysis to enhance their negotiating stance with underwriters and determine the most effective structure given market considerations.
 
Results… A reciprocal insurance exchange was established to provide a self-insurance vehicle for the membership. The analysis was instrumental in the design of the program structure, the negotiation of insurance, the recruitment of members into the program and the licensing of the reciprocal.

Problem… A Canadian based manufacturer with operations in Europe and the USA needed to put together a business plan for the establishment of an offshore subsidiary. The subsidiary was to provide the parent with insurance for a number of exposures. The nature of the exposures meant that there was no hard data available, either specific to the company or globally.
 
Solution… Research was undertaken to glean as much information as possible about the likelihood and size of potential losses to the insurance program. Assumptions were established and a risk simulation model built.
 
Results… The risk model provided critical input to the feasibility assessment and subsequent business plan for the subsidiary. The program yields tax savings of $1million per year for the five-year contract based purely on the deduction of the premium paid to the subsidiary.

 
 
 
 
 
 
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