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Original Broadcast: Thursday, June 11, 2009

Presented by:

Risk Based Fire Underwriting – A State of the Art Approach

Historical underwriting practice for fire insurance and risk management has been based on limited data and subjective analysis. RMS launched the Account Fire Model (AFM) as a risk decision tool supporting the process to bridge consistency and transparency to developing adequate fire premium. Ironshore has selected the RMS Account Fire Model to aid in their Underwriting and Portfolio Management of Fire Risks. The Account Fire Model (AFM) will support Ironshore in providing a more detailed understanding of their fire exposure than is possible with the empirical process used currently throughout the industry to enhance risk selection, fire pricing and portfolio returns.

Featured speakers:

Craig Van Anne, Vice President, Risk Applications, RMS VIEW BIO

Fielding L. Norton III, CPCU, Chief Risk Officer, Ironshore Inc. VIEW BIO

Full Name:

Job Title:

Organization:

E-Mail:

Phone:

What do you primarily use to inform your fire risk underwriting decisions?

Approximately how long does it take you to screen each fire account when deciding whether to write the business? Please give ranges:

How confident are you that the technical price of your fire policies accurately reflects the risk?

If you are not currently using model output, is your firm considering it in future?

If so, are you most likely to use fire modeling as part of your underwriting process (choose all that apply)?

For risk screening

For risk selection

As part of underwriting guidelines

For rating and pricing

Specify your own value:

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