Loss costs are one of the foundational components of insurance pricing—empirical data that helps insurers set rates amid a world of uncertainties.

How do you join risk characteristics and loss data in your rating plan?

Gathering reliable, property-specific risk information and real-world loss experience is a challenge in itself. Blending these data elements to unlock new rating insight presents another level of difficulty that can strain your internal resources. Where do you turn?

Price commercial property policies for profitability

Determine eligibility

Understand potential losses through the interaction of key variables to determine whether a property falls within your risk appetite.

Set adequate premiums

Determine appropriate premiums using filed commercial property loss costs—a powerful driver of underwriting and pricing.

Gain a competitive advantage

Give your insureds risk improvement recommendations, an important service that can help retain business, expand your underwriting appetite, and improve the quality of your portfolio.

Specific Commercial Property Evaluation Schedule (SCOPES)

We use our SCOPES to develop specific loss costs. It’s a nationally recognized method of evaluating potential losses through the interaction of key variables such as construction, hazards, private and public protection, and occupancy.

Features and capabilities

Building rating details for Basic Group I and II

Details related to the building’s construction, hazards, public and private fire protection, occupancy, and other exposures support BGI and BGII loss cost calculations.

Experience level adjustments

We base these adjustments on an annual actuarial review of premium and loss data.

Loss cost details

We incorporate the latest industry loss experience to develop loss costs tailored to the property conditions we find.