When used as part of CORE360®, our unique comprehensive approach to evaluating your risk management program, Gallagher Drive creates meaningful insights to help you make more informed risk management decisions, find efficient use of capital and identify the top markets with the best solutions for their risks.
Gallagher Drive® empowers you to:
- Compare program structures against industry peers
- Gain an understanding of losses and forecast future liabilities
- Optimize current insurance programs and reduce cost leakage
- Find most efficient use of capital to minimize cost
Benchmarking services: See where you stand.
Our benchmarking data enables you to compare your risk program structures with industry peers and understand market trends.
- P&C insurance program structures
- Insurance limits benchmarks
- Industry peer comparisons
- Program benchmarking
Placement analytics: Optimize insurance panels for efficient risk transfer.
Our approach ensures we identify the top insurance carriers with the best solutions for your risks.
- Insurance carrier analytics/benchmarks
- Insurance carrier performance
- Insurance carrier appetite
- Rate trends
- Trade data and trending
Claims analytics: Forecast loss and future liabilities.
Evaluate your loss history against Gallagher’s proprietary claims database to identify areas of improvement that help you increase safety, minimize losses and mitigate claims.
- Claims scoring and fraud
- Claims trending and cost forecast
- Claims diagnostics
- Claims transformation
- Litigation management
- Claims monitoring
- Incident management and analysis
Expert consulting services: Tailored solutions to optimize your total risk cost.
Our team of consulting experts is available to help you address unique analytic needs and achieve both short- and long-term risk management goals.
- Analytics strategy consulting
- Risk management services/TCOR
- Actuarial and modeling
- Loss control and prevention
- Premium analysis
- Pricing and reserving
- Compliance consulting
Gallagher Forecast: Catastrophe modeling for property risk management in real time.
Generate consolidated property exposure profiles in real time to improve the quality of your property risk data, identify protection gaps and minimize potential losses.
- Reduce errors and omissions with a consistent, current view of your risk.
- Eliminate redundant tools and time-consuming manual processes.
- Strengthen relationships with clients and colleagues through faster collaboration.
Monitor data in real time.
Get timely, actionable and relevant alerts to share reports instantly, and strategically allocate resources to reduce business interruption.
- Receive live global alerts for earthquakes, floods, tornadoes, wildfires and landslides.
- Assess location-level flood hazard, and quantify losses with KatRisk flood analytics.
- Instantly see how events impact your portfolio with automated notification.
Investigate accuracy of catastrophe claims and model results, run what-if scenarios to increase operational efficiencies, and develop future loss mitigation strategies.
- Evaluate alternative risk transfer structures for property.
- Stress-test program structures against hypothetical catastrophic events.
- Optimize risk mitigation strategies to reduce your total cost of risk.
Click to receive more information about Gallagher Forecast’s capabilities from one of our experts.