CrossCover’s underwriting and engineering experience enables us to write diverse occupancies. Additionally, we leverage our CAT capacity to write business across the country. The result is a high return on capital for our carrier partners.
CrossCover uniquely prices twelve (12) perils for each location, factoring in loss history, COPE specifics, onsite inspections, and the underwriter’s experience. Perils are tied directly to claims data to determine the adequacy of pricing for each peril. This enables us to determine loss ratios for each of the twelve perils for any occupancy written, anywhere in the country.
Accounts are rated to a Benchmark Profit (BP). Underwriters are then compensated based on that benchmark, rather than written premium. This links underwriters’ performance and compensation to our carrier’s results.
Catastrophe risk is managed at the account and portfolio levels. Exposures are monitored across geographies and class sectors using RMS, AIR, Aggregate Limits, and proprietary tools. PML Drivers are identified upfront, or eliminated to improve our portfolio metrics.
