Crystal & Company has introduced an analytics program to identify predictors of companies' executive risks.
The system is designed to provide recommendations to companies that purchase directors and officers liability insurance programs, the New York-based brokerage said Thursday.
The software translates an organization's risk profile into a data-derived model illustrating an insured's exposure to loss from securities claims, according to the statement. The tool is also said to provide data points in order to help determine the appropriate amount of D&O insurance to purchase, balanced against the "right" self-insured retention and delineate specific drivers of exposure to highlight possible sources of litigation.
The model pinpoints factors that are most important to insurance underwriters when assessing a company's risk profile and creates data to help determine optimal risk transfer and risk retention structure, the firm said.
“Crystal & Company's new D&O analytics tool provides our clients with valuable insights into the relative ‘riskiness’ of their business,” Sandy Crystal, executive vice president, said in a statement. “Our experts can also benchmark a company's exposures against their peers, generating critical competitive industry data and trends.”