Motor Vehicle Accidents
Our services relating to motor vehicle bodily injury extends to pricing, valuations, capital management, claims management and scheme design.
We undertake ongoing analysis of the experience in the privately underwritten jurisdictions of NSW and Queensland. We regularly update the market on overall scheme trends as well as advising individual insurers. We have a strong understanding of the cost pressures within these schemes and have developed sophisticated models of emerging experience that allow credible and reproducible measurement of, among other things, scheme and insurer superimposed inflation.
Our experienced consultants are able to assist with insurer-specific assignments whether they be reserving, premium rate certification, experience monitoring or detailed portfolio analysis. Traditional approaches and emerging technology or a blend of the two are used, depending on the circumstances, to make the most of experience analysis, in-house knowledge and our expertise. Our methods may identify market segments which present as marketing targets, enabling you to maximise lifetime customer value and return for marketing effort.
We have been active for a long time in providing relativities advice (statutory rating factor determinations) for the schemes’ regulators. Through our work with both Australian and New Zealand schemes we have developed efficient and statistically robust approaches for ‘class and zone’ (and other factors) relativities.
We are aware of the unique nature of cost pressures in motor bodily injury schemes and, with our monitoring tools, can pinpoint early on where emerging experience differs from expected. Claim numbers, impairment thresholds, the (pure) impact of legal representation, economic loss buffers and care costs are all areas of cost pressure where we keep a watching brief.
Our services
Reserving
Pricing
Capital & Enterprise Risk Management
Management Consulting
- Industry Benchmarking
- Strategy and Operations
- Claims Management
- Scheme and Product Design
- Individual Solutions
Contact us
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Aaron Cutter+61 2 8252 3321 Scan the tag for Aaron’s vCard
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