Benchmarking (Coverage and Limits)
Limit Analysis and Benchmarking
BKS works with clients to determine risk tolerance and adequate insurance limit levels using a combination of benchmarking and loss event severity analysis by risk type.
Loss event severity analysis can be performed for insurable risks faced by companies. BKS will develop the severity potential based on factors from the following risk categories:
Retention Analysis and Benchmarking
BKS works with clients to design a retention strategy that aligns with their risk tolerance and appetite. After analyzing a company’s risk bearing capacity, loss stratification and assessment of future loss funding, we determine the optimal risk retention strategy. BKS can also provide you with retention benchmarking of organizations similar to your own.