Insurance Allocation & Modeling
The Legacy Risk Allocation System tracks, allocates, reports and invoices insurers for their respective shares of defense and indemnity costs under rules established through testing different scenarios in our modeling system. The Legacy Risk Modeling System tests coverage scenarios in order to develop and optimize a negotiating position with insurers before entering discussions regarding Cost Sharing or Coverage-In-Place Agreements. The modeling system simulates erosion patterns, evaluates the effect of SIR’s, deductibles and retro policies, as well as judges the impact of insurer insolvencies, missing policies, varying trigger mechanisms, allocation methods and frequency.