Risk Analytics

Develop a tailored risk-finance strategy that aligns with your organization's goals

Understanding the interplay among your organization’s risk tolerance, its specific risk profile and the current insurance marketplace is paramount to developing the most efficient risk financing strategy.

HUB Risk Analytics uses an integrated approach to provide superior risk management advice and brokerage services that seek to minimize your Total Cost of Risk by leveraging company-specific characteristics, such as past and projected loss experience, and the value of available risk financing options. Our analytical tools assess risk-bearing capacity, risk quantification and risk financing optimization to provide:

• Calculation of insurable risk-bearing capacity
• Transparent, data-based decision support
• Quantification of property, casualty, professional liability and executive risks
• Assessment of overall enterprise risk

Assess your risk tolerance, potential losses and optimal program structure with HUB's proprietary tools

FirstRATE^SM (Risk Appetite and Tolerance Evaluation) is performed very early in the renewal cycle. It calculates insurable risk-bearing capacity by stress-testing the negative effect that unexpected retained losses could have on metrics indicative of an organization’s financial strength and ability to meet its business objectives.

SCORE^SM (Stochastic Cost of Risk Evaluation) tools take into consideration the three competing forces of risk appetite, risk profile and the insurance marketplace to determine the optimal program structure by quantifying potential losses and illustrating projected consequences of losses under various program structures.

FirstRATE and SCORE answer questions such as:

• What is my appetite or tolerance for losses from insurable risks?
• How likely is my company to incur losses?
• How detrimental can my losses become?
• What retentions should my company take?
• What limits should my company buy?
• Are the insurance premiums my company is paying fair?
• What is the optimal program structure?

SCORE tools are available for the following coverages:

From calculating insurable risk-bearing capacity to quantifying various risks across different coverages, our Risk Analytics FirstRATE and SCORE tools are designed to address key questions about your risk profile, arming you with comprehensive insights and actionable strategies for an optimized risk management plan. Let’s work together to develop a tailored risk-finance strategy that aligns with your organization's goals. Get started with a HUB Risk Analytics advisor today.