Risk Transfer Analysis
By combining our extensive risk management experience with analytics expertise, we help you analyze and balance your program’s risk appetite, loss experience, goals and desired outcomes.
Program Management and Development
RPA helps you navigate emerging exposures and hard-to-place coverages by evaluating your risk and excess protection needs and proposing potential solutions. Our experts can help you coordinate coverage programs, evaluate features and optimize renewals. We can also place your excess coverage or reinsurance for you, or manage the program's broker of choice.
Rely on our team to assist with a full slate of program management and development activities:
Exposure Data Collection and Analysis
We gather data and help complete applications for prospective and current program members, including summary and detailed analysis of exposures.
Self-Insured Retention Analysis
We monitor program structure and recommend changes or enhancements.
Total Cost of Risk Assessment
We conduct total cost of risk (TCOR) assessments including retained losses, related loss adjustment expenses, and costs related to risk control and risk transfer.
Reinsurance/Excess Placement and Oversight
We place coverage on your behalf or coordinate with the program's broker of choice to promote the program to viable markets, and monitor program reinsurance/excess to recommend changes and enhancements.
Underwriting, Development, and Allocation of Member Contributions
We help determine and monitor your annual underwriting goals — whether it's collection, maintenance, reporting or analysis of member underwriting information.
Market Analysis and Benchmarking
We coordinate with the program's broker of choice to analyze potential markets for coverage and generate benchmarking reports on requested variables determined by the program.
Memorandum of Coverage Review and Design
We review memorandums of coverage (MOCs) for potential coverage gaps and recommend appropriate remediation.
We monitor and track third parties for certificate of insurance (COI) compliance.
Risk Management Information System Oversight
We ensure the establishment, implementation and periodic performance review of a system or set of systems to collect, maintain, report and analyze member underwriting information.
For more information about accounting and RPA's complete administrative service offerings, contact info@RPAdmin.com.
Rely on this expertise as your needs require or as part of a complete administrative services solution.