What should I expect my Insurance Renewal to look like?
While it's a bit of a loaded question, there are ways you can estimate what it may look like for different types of Liability Coverage.
I've created a Quick & Dirty Calculator to help you estimate what a carriers Breakeven Premium for your risk may be.
By using a Loss Development Factor, we can back into a rough breakeven premium, and add a risk margin to estimate our renewal premium.
This tool is very much back of the napkin. Carriers each have their own metrics to underwrite and price risks. This tool can help you understand how risks/losses develop and are priced.
If you'd like a copy:
1) Give @Ins_Brkr a follow
2) Retweet
3) Shoot me a DM
@BarstoolBigCat as a life long Duke fan whose first word was Duke and dad went to Duke, but I was too dumb to get into Duke… #DukePrivilege come and get it!