New JLT Investment Management Cost & Volatility Analysis Model is Unprecedented in the Industry
November 17 2016 - 1:00PM
JLT Specialty USA, a U.S. subsidiary of Jardine Lloyd Thompson
Group plc. (JLT), one of the world’s leading specialty-focused
providers of insurance, reinsurance and employee benefits related
advice, brokerage and associated services, today launches its
proprietary Investment Management Cost & Volatility Analysis
(CVA) Model developed by JLT’s Analytics and Consulting Practice to
help asset managers precisely select D&O / E&O insurance
limits.
Traditional methods of assessing insurance needs are inadequate,
and go against the data-driven nature of investment managers.
For the first time, JLT’s CVA model allows their experienced
brokerage and claims teams to identify a firm’s true risks and
exposures, and not someone else’s. As a result, Investment Managers
can now compare different insurance programs to determine which is
superior at protecting against volatile events and on an average
costs basis.
JLT’s pioneering new model provides insight into where recently
paid D&O/E&O claims have come from and where they may go
given increasing regulatory scrutiny and litigation. The model is
unprecedented in the industry because it is the only model built on
actual claims and loss history from nearly 10,000 investment
management D&O/E&O policies. Five leading investment
management D&O/E&O insurance carriers provided data to
support model construction, which goes back to 2009.
“We are pleased to offer this unique investment manager CVA
model, which quantifies the specific D&O/E&O risks that are
relevant to the investment manager community,” said Mike Giacobbe,
Head of JLT’s Analytics and Consulting practice. “By
partnering with markets and leveraging our specialist expertise, we
have developed the first tool of its kind based on data and
experience to accurately evaluate the appropriate limits and
retentions for our clients in this space.”
“We are pleased to bring this new modelling tool to the
investment management industry because for the first time our
clients can utilize similar data and analytics to drive purchasing
decisions. We help our clients construct D&O/E&O
insurance solutions that are more appropriate for their firm’s
risks and exposures rather than just relying on peer benchmarking
data,” added Ryan Farnsworth, Vice President at JLT Specialty
USA.
Click here for further information on JLT’s Investment
Management Cost & Volatility Analysis (CVA) Model
JLT encourages any potential applicants interested in rapidly
developing their careers and becoming part of its U.S. Specialty
team to contact Sue Corney at 518-782-3143,
sue.corney@jltholdings.com.
About Jardine Lloyd ThompsonJardine Lloyd
Thompson is one of the world’s leading providers of insurance,
reinsurance and employee benefits related advice, brokerage and
associated services. JLT’s client proposition is built upon its
deep specialist knowledge, client advocacy, tailored advice and
service excellence.
JLT is quoted on the London Stock Exchange and owns offices in
40 territories with more than 10,600 employees. Supported by the
JLT International Network, it offers risk management and employee
benefit solutions in 135 countries.
For further information about JLT, please visit our website
www.jlt.com and follow us on LinkedIn at JLT Group and
Twitter @JLTGroup.
About JLT Specialty USAJLT Specialty USA is the
U.S. platform of the leading specialty business advisory firm,
Jardine Lloyd Thompson Group. Our experts have deep industry and
product experience serving leading U.S. and global firms. Our key
to client success is our freedom to be creative, collaborative, and
analytical while challenging conventions, redefining problems,
creating new analytical insights, and exploring new boundaries to
deliver solutions for each client’s unique business and risks.
For further information about JLT, please visit our website
www.jltus.com and follow us on LinkedIn at JLT Specialty USA and
Twitter @JLTSpecialtyUSA
JLT ENQUIRIES:
Name: Ashely Deal, VP of Marketing
Phone: (310) 266-9464
Email: ashely.deal@jltus.com
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