Integro, an insurance brokerage and risk management firm, introduced XS PLUS, an analytical model that allows clients to evaluate the efficiency and efficacy of their excess liability insurance programs based on hard data and actuarial simulations.
The model is designed to output intuitive, easy-to-understand graphical data. As a tool for stress-testing layer structures, XS PLUS gives clients the ability to evaluate the adequacy of their current program structures and the limits purchased, and offers clients the chance to stress-test hypothetical structures and limits.
"Historically, brokers have not been able to provide substantive quantitative solutions as they evaluate their clients' excess liability programs," says Jonathan Zaffino, who leads Integro's Casualty practice. "XS PLUS offers clients the choice to be proactive. It's an invaluable tool to use before making purchasing decisions that might otherwise lead to potentially financially destructive losses."
XS PLUS applies to any type of insurance coverage that requires multiple excess layers, including liability, healthcare, property, D&O/E&O, aviation and marine. Clients can purchase XS PLUS as standalone coverage or as part of a broader program design.
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