Casualty

Beecher Carlson goes way beyond predictive analytics.

With a constantly evolving casualty risk profile, do any of these questions keep you up at night?

  • What underlying claim attributes are driving my loss experience?
  • Where do I focus resources to maximize reductions in loss expense?
  • How can I identify and measure loss trends before they meet the balance sheet?

Determining the optimal program structure to fit your organizations particular risks is the highest priority. Beecher Carlson’s Casualty team helps you make educated purchasing decisions, determine appropriate retentions and limits, and reduce your overall casualty costs. Utilizing our proprietary analytical platform, OPTIMIZE®, you can analyze your risks and manage possible outcomes. You will be empowered in the marketplace to design customized programs and implement solutions as unique as your risks.

Casualty Analytics

ACTIONABLE ANALYTICS
The analysis identifies the key areas to attack to reduce the cost of the largest percentage of losses you retain.
CLAIMS MANAGEMENT
Analytics enable us to identify the claims that are potentially the most costly. We also find the best and worse adjusting performances and the best way to economically close claims.
OPERATIONAL ENHANCEMENTS
We look at the where, how, and why of your claims and establish a joint task force to make changes to your operations to prevent accidents from happening.
CLAIM MANAGEMENT AND RISK CONTROL
  • ZOOM®/enhanced claim management
  • Operational assessment
  • Data integrity
  • Claims administrator management
  • Claim audit/best practice
  • Safety program evaluation
LOSS ANALYSIS
  • Loss projections
  • Retention analysis
  • Monte Carlo simulations
  • Collateral analysis
  • Loss emergence schedule
  • Scorecards- measure KPIs
EDUCATED DECISION MAKING TOOLS
  • Net present value analysis
  • Cost of capital/volatility analysis
  • Retrospective adjustment simulations

Beecher Carlson’s Casualty practice delivers integrated insurance and risk management solutions that help you identify your key cost drivers, manage your claims, mitigate future accidents, and determine program structures that will deliver optimal results for your organization.

Contact us today to help answer some of your most pressing questions.

video ADA description

Video Poster

world risk and insurance news

Play Video Icon