Log into Client Resources section
for more information
 

Announcements & Press Releases

   
   
   
 

Leading U.S. Wholesale Broker Crump Group Licenses New RMS RiskBrowser Platform

Newark, CA – February 18, 2008 – RMS today announced that Crump Group has signed a contract to license the new RMS Wholesale Broker RiskBrowser® platform. The system, launched at the end of last year, will provide them with access to industry-leading catastrophe models in a format specifically tailored to their requirements and resources.

“Wholesale brokers are a critical player in the wholesale insurance transaction, but until recently they have been unable to benefit from using catastrophe risk models. This is despite the fiercely competitive business climate in which everyone around them, from retail brokers to insurance underwriters, relies heavily on modeling to enhance their clients’ decision-making processes,” said Scott Quiana, vice president of the Americas insurance practice at RMS. “By licensing the RiskBrowser platform, Crump will be able to strengthen relationships with retailers and their insureds by providing information that has, until now, been unavailable to them.”

Crump, which writes $3.5 billion of premium, will use the platform to analyze catastrophe exposures to U.S. windstorm and earthquake in each insured location. The system automatically creates a complete risk assessment report that includes detailed exposure analysis, hazard data analysis, and modeled results, eliminating the need for copying, pasting, or reformatting data.

“The RiskBrowser platform gives us access to the same catastrophe risk models that are used throughout the insurance transaction, but these are tailored to our needs, profit margins, and resources,” commented John Jennings, president and CEO of Crump’s commercial division, Crump Insurance Services. “To stay ahead of the market, we are consistently looking for ways to enhance our partnerships with retail brokers. By allowing us to provide them with a deeper insight into their catastrophe risk exposure, this platform will give us a new edge in this business segment.”

About Crump Group
Crump Group, Inc. (www.Crump.com) is the largest wholesale insurance distributor in the United States, and one of the leading U. S. providers of recordkeeping and support services to company-sponsored retirement plans. Its Commercial Insurance Services division consisting of Crump’s brokerage operations, Tri-City Brokerage and BISYS Specialty Programs (www.crumpins.com; www.bisyspc.com) is among the largest U. S. providers of wholesale brokerage and specialty programs to the commercial property and casualty insurance industry. Crump Life Insurance Services (www.CrumpLifeInsurance.com) is the largest wholesale distributor of services that support the sale of life related insurance and annuity products. Ascensus (www.ascensus.com) is the largest independent administrator for company-sponsored retirement plans, offering every component of retirement plan infrastructure.
 

 

 





 

 
 

Editorial Contacts

Mark Prindle

TorranceCo

1 212 691 5860

mprindle@torranceco.com

Jackie Barber

Risk Management Solutions

+44 20 7444 7723

jackie.barber@rms.com

 

 

Home    Contact Us     Site Help    Privacy Policy    Terms of Use    Legal

©1999-2008 Risk Management Solutions, Inc. All Rights Reserved.