Analytic Solutions

Helping you make sense of your data

Combining technology with data and analytics, McGriff’s analytics team is dedicated to helping you not only make sense of your data, but also positioning your organization for the future.

Analytic & actuarial solutions

Business Analytic Solutions Engine® (BASE)
At the center of the Risk Solutions Group service model is BASE, McGriff's Risk Management Information System. All facets of your Analytic and Claims Consulting teams use BASE to capture loss information, triage claims, mitigate claim costs and analyze your results. BASE delivers insights into claim status reports, loss analysis by line of coverage and loss experience benchmarking against companies within your industry. While BASE is currently an internal information system, clients may obtain direct access to their client portal for an additional cost.
Experience Modification Analysis and Projection
While analyzing your Mod, we will verify Mod worksheet accuracy and help you transform a list of losses into a Claims Management and Risk Control action plan to lower your Mod in the future.
Loss Analysis
Conducting an in-depth review of your loss trends will give insight into historical performance, the types of losses having the greatest impact, and where future risk management efforts might be beneficial.
Actuarial Studies
Our actuarial consultants provide you with another level of decision support by analyzing past loss experience and estimating future performance. Actuarial estimates might include estimates of booked reserves, pricing of excess layers, modeling of confidence levels, captive feasibility and many others.
Benchmarking
Coverage and Limit Benchmarking reports help us compare your insurance program to industry peers to assist in determining adequate limits and competitive pricing.
Total Cost of Risk
Your Total Cost of Risk Impact report quantifies the hidden risk management costs inside your business, distinguishes risk financing and administrative costs from those associated with insurance losses and identifies opportunities for future cost savings.