For risk assessment and quantification methodologies and tools
ALPS engineers have experience in developing risk assessment and quantification and benchmarking methodologies and tools, including respective IT applications to be used by underwriters and risk engineers within the insurance industry.
ALPS would typically be able to support you during such projects e.g. for:
- The definition of rating criteria, i.e. choosing the relevant “risk and protection elements” for the assessment/benchmarking methodology
- The implementation into existing underwriting and risk engineering processes
- The interaction with IT programming and development
- The definitions of various project phases and suggestions for implementations
ALPS can support you to implement risk based costing benchmarking methodologies and systems for both property as well as casualty lines of business.