Workers' Compensation Reinsurance
Gallagher Re has one of the largest workers' compensation segments in the industry, comprising more than 35 individuals with a variety of skill sets and a deep working knowledge of the nuances of this long-tailed business
Your team will be able to help you with challenges ranging from rating agency and capital management to managing earnings volatility and catastrophe management. Our services include:
Market Perspective
- Monitoring Reinsurance Market Trends to Assist Your Risk Management Planning
- Identifying and Accessing Key Market Resources that Meet Your Needs and Bring the Greatest Value
- Market Cycle Analysis that is Highly Predictive of Cycle Changes in the Primary Market
Financial Advisory
- Forecasting Management's Strategic and Tactical Decisions on Key Financial Statements, BCAR (Best Capital Adequacy Ratio) and Risk Based Capital Scoring
- Operating Metrics and Financial Stability Analysis
- Rating Agency Advisory Support Including A.M. Best Rating Position Analysis and Relationship Management
- Peer Benchmarking for Financial, Reinsurance, Investment, Expense, and Accounting Metrics
Actuarial
- Gallagher Re's Credibility Analysis That Produces a Tailored Frequency/Severity Loss Model
- Simulation Analysis to Evaluate Risk-Return Characteristics of Various Risk Transfer Strategies (Reinsurance Optimization)
- Actuarial Assistance in Assessing the Potential Profitability of Growth Plans
Catastrophe Analytics
- Assessment of Exposure to Earthquake, Terrorism and Industrial Accident Using Major Catastrophe Models
- Assistance with Rating Agency Questionnaires
- Access to the SpatialKey Geospatial Platform for Informative Pictorial Mapping of Risk Exposures, Aggregate Concentrations, Producer Footprint, and More
Reinsurance Contracts
- Workers' Compensation Segment Reviews for Commercial Viability and Coverage Enhancement Opportunities
- Workers' Compensation Contract Writing Reviews for Regulatory Compliance and Contract Wordings
Capital Markets
- Execution of The Only Major Workers' Compensation Catastrophe Bonds in the Industry (Four Bonds Placed to Date)
Enterprise Risk Management (ERM)
- Formulation and Implementation of ERM Programs
- Enhancement of Existing ERM Programs
- Workshops/Webinars for Management/board