Property/Casualty
Did you know? In the United States, corporations spend approximately $700 billion per year for their Property/Casualty premiums. The international spend accounts for another $700 billion.
At CMR, we have learned that geographic entry points and an alignment with the right broker and/or direct writer largely determines the successful outcome of a plan's configuration and pricing.
By using our ten years of ongoing independent research, clients can evaluate long-standing traditional purchasing methods. You provide basic data, and we'll confidentially compare your portfolio with similar industries, in the United States and internationally. The CMR Database® contains 6,000 brokers, direct writers and specialists who have hundreds and thousands of clients around the world. Our database tracks 40 different characteristics of each specialist, matching core compentencies to a client's industry classification and individual requirements.
CMR will confidentially review your current market position and provide you with a benchmark and comparisons to determine rating and plan differences. So far, we have helped clients save over $70 million on overpriced premiums and discovered 80% of plans have coverage difficiencies.
Initial Steps
- Check current plan design and cost competitiveness by reviewing existing rating characteristics
and data
- Report to CFO with a confidential benchmarking report, comparing price points
- Determine action plan
Once CMR is formally engaged
- Survey of operations conducted to understand how a particular company works
- Prepare bid specifications: risk identification, reduce and eliminate, avoid uninsured and
underinsured losses
- Use The CMR Database® to find specialists
- Solicit proposals and manage process
- Control access to $1.5 trillion worldwide market
- Prepare final report with recommendations
- Offer creative options
- Provide independent ongoing stewardship
Core Competencies
- Cost reduction
- Program audits and analytics
- Due-diligence: mergers/acquisitions
- Feasability studies: captives
- Claims review management: varible expenses
- Stewardship, broker and provider oversight
Product Lines
- General/Public Liablility
- Property
- Commercial Automobile
- Workers' Compensation
- Directors' & Officers'
- Professional Liability/Malpractice Liability
- Employment Practices
- Survey/Bonding
Industry Expertise:
See The CMR Database®
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Confidential Portfolio Analysis - Please type in all applicable information
General Liability Information
Workers' Compensation Information
