When millions of dollars are at stake
In the insurance sector, informed decision making is critical to protect against risk. Business interruptions can result in millions of dollars being at stake, for the insured and the insurance provider.
Inform contains over 10 years of historical loss data from a variety of industries, Inform allows you to benchmark potential loss values using a number of different criteria such as location, size of company and industry sector. These losses can include Response Costs and Business Income Loss.
Baker Tilly Inform builds on these issues and this experience, allowing us to work with you and build robust loss exposure models. Applying a variety of scenarios and drawing upon a vast level of financial loss data, Inform enables you to better understand the possible financial impact of the loss event which could affect you.
Armed with more robust information, you can better establish financial risk, such as insurance coverage, potential loss exposure, and burn rate modeling.
Underwriters will also be able to more easily address the potential loss exposure associated with a prospective client, and Risk Management can make better decisions relating to risk mitigation and coverage options for their business.