Total Exposure Management: Valuing Property, Contents and Business Interruption Exposures for Commercial Property Insurance
Original Broadcast Date: Tuesday, September 13, 2011
Time: 2:00pm ET | 11:00am PT
Commercial Property Carriers that write Business Owner Policies (BOP) and Commercial Package Policies (CPP) provide coverage for multiple areas of exposure for their clients. Properly valuing these exposures is the key to understanding risk and executing upon the underwriting strategy of the carrier. For property insurance to value (ITV), the industry has standardized on the methodology behind the exposure valuation. For commercial contents and business interruption, however, there is currently no standard practice. This lack of standardization has led to inconsistencies in underwriting results.
Using predictive estimating methodology, carriers can apply a standard valuation methodology to their underwriting process, while preserving no-touch flow through processing. Using a variety of data, predictive estimating eliminates the arbitrary assignment of exposure values and assures that each risk is being evaluated on a consistent, statistically accurate basis. This webinar will discuss the total exposure view, as well as how the predictive estimating methodology can quickly improve your organization’s operating procedures, enhance client and agent relationships and improve your bottom line results.
Attend this web seminar and you will learn:
MSB Commerical Solutions
Mr. Mayfield leads the overall implementation and planning for the Commercial Solutions and Analytics Business at Marshall & Swift/Boeckh. In this role, he is focused on aligning all of MSB’s data assets, technologies, vision and innovation with the needs of the organization’s insurance markets. Before joining MSB, Mr. Mayfield was a Principal Architect at CNA and has spent his career building software solutions for the insurance industry. He holds a B.B.A in Management Information System and Marketing from the University of Wisconsin Oshkosh.
The incumbent insurers is making changes to accommodate self driving cars and smart homes, and to capitalize on artificial intelligence.
As an agent, your task is to demonstrate to the client that you are involved.