Live Webinar on Insurance Risk Optimization to be hosted by EXL Analytics
Insurance purchase is a strategic decision for Commercials.
- New York, NY (1888PressRelease) July 05, 2018 - They prefer to carefully asses their present and future risk exposures before finalizing an insurance program. However, brokers/agencies should aspire to offer a risk optimization strategy to their prospective clients than just a mere risk coverage proposition. This is where risk optimization models come into picture. These models provide insights into the organization’s overall risk exposure and enable them to make better risk financing decisions.
A webinar covering risk optimization modelling is scheduled for July, 12. The webinar will focus on how brokers/agencies can leverage a simulation modeling exercise (using Monte-Carlo Simulations) to understand a customer’s current and future risk exposures and the valuation of its risk/retention strategies. Furthermore, the webinar will explain how risk optimization modelling can help in getting a complete risk quantification of the entire range of loss outcomes reflecting the client’s unique profile and loss history. It will answer whether your organization is getting the expected value from its insurance purchase - retaining risk vs. transferring risk (premium).
The agenda of the webinar to be held on July 12, 2018 is as follows:
• Need for data-driven guidance in insurance coverage assessment
• Risk Optimization Modeling (ROM)
• Data requirements
• Monte Carlo Simulation Technique
• Process flow
o Frequency Severity Approach
o Gross Loss Distributions
• Applying Insurance Structure on Simulated losses
To learn more about ROM, professionals dealing in the commercial insurance space or engaged in risk management or underwriting practices may attend the upcoming webinar. The 45-minutes long event (30 minutes talk followed by 15 minutes of Q&A session) will take place on Thursday, July 12, at 12:30 p.m. eastern time. Online registration is open and can be accessed here.
About EXL Service
With more than a decade of experience and serving 40+ clients, EXL Insurance Analytics focuses on driving improved business outcomes by generating data-driven insights across different functions of your business. We deliver predictive and prescriptive analytics in the areas of customer acquisition and lifecycle management, risk underwriting and pricing, operational effectiveness, credit and operational risk monitoring and governance, regulatory reporting, and data management.
###
space
space
Satisfied Users & 
Approved Press Releases
Print
Email
Report Spam