Helps you avoid the frictional cost of dollar trading in high-frequency layers and identify the reinsurance retention options that make the most sense for you.
Forecasts the expected pricing responses from reinsurers, ensuring arguments can be prepared to allow us to negotiate pricing from a position of power.
Allows you to explicitly consider the inherent variability of the losses being reinsured then compare the effectiveness of one reinsurance program versus another based on your own specific criteria.
Helps you support your determination of risk transfer sufficiency to auditors and regulatory authorities.
Assists you to effectively manage your relationship with rating agencies, such as A.M. Best, and helps you think about and address key issues, such as catastrophe management, Enterprise Risk Management, rating agency presentations, SRQs, etc.
We also assist with all the general actuarial consulting services our clients may need, including helping to evaluate new states or lines of business, assisting with rate filings and providing independent reviews of third-party actuarial analyses, etc.
From analysis to implementation, we will assist you in uncovering the predictive value underlying your data. Whether it’s related to pricing (eg, rating plan analysis, territory development, tiering and scorecard development), underwriting (eg, risk selection, renewal audit algorithms) or claims (eg, settlement value estimation, settlement process evaluation, early warning indicators, fraud detection), we’ll help you use the most recent advances in predictive modelling to enhance your book of business.
BMS provides our clients with resources that will help them improve their Enterprise Risk Management (ERM) programs.
BMS helps insurance companies develop ERM programs that:
“Sophisticated analysis that gives you a genuine risk transfer solution and competitive advantage.” David Spiegler, Executive Vice President and Chief Actuary