What is Loss Analysis?
Loss Analysis provides insights along with detailed loss records so you can help your client determine the structure and scope of their insurance program.
Using specific examples of known losses, Brokers can more accurately recommend and place coverage.
Do you have access to a deep archive of loss events? Loss Analysis provides access to the largest collection of low-frequency, high-severity loss events.
By pairing Loss Analysis with Benchmark Analysis, you can also gain access to insurance program benchmarking to see peer company premiums, limits, and retentions, limit adequacy, as well as rate per million.
What is changing in Loss Analysis?
Loss Analysis is being re-engineered and will be hosted within a new platform, along with Advisen’s other portfolio of products. It will support internet browsers.
You will continue to have access to Advisen’s Loss Database containing over 850,000 losses via selective filtering, while benefiting from the following enhancements:
Search
| Enhancements | Benefits |
| Input loss filters within a single search page | Eliminate time spent clicking between multiple tabs |
| Implementation of NAICS industry classification system (2 or 3 digits) | Latest standard of industry classifications |
| Enhanced company search | Easy identification of parent and subsidiary companies |
| Loss distribution chart to guide as inputs are entered | Visualize the losses by counts (category or coverage) as you refine your search |
| Ability to choose between all losses in hierarchy v. selected company losses | Ability to view losses for entire company hierarchy or just the selected company |
Output Dashboard
| Enhancements | Benefits |
| Ability to refine loss characteristic filters after initial search | Eliminate need to return to the search screen to refine results |
| Loss details along with applicable analytics displayed on a single page | Ability to review analytics with the supporting losses |
| Loss distributions provided in multiple views | Visualize the losses by location and counts (category or coverage) as you narrow down your initial inputs |
| LOB specific charts generated for applicable searches | View detailed analytics showing loss counts by Market cap, case types, and industry |
| Loss Benchmarking included | Compare losses of clients to those within their peer group |
Reports
| Enhancements | Benefits |
| Output charts are automatically added to the report queue | You do not have to manually choose to include each chart |
| Ability to customize report output | Choose which losses or charts you want to include |
| Flexibility when generating final report | User can generate a client ready .pdf report or can select an editable output that allows for copying content into your own presentation style |
Request a Demo
Tell me more about Advisen’s Loss Data capabilities. Request a Loss Analysis Demo Today!