They dig deep into the data to analyze the exposure profile of their insurance carrier clients to deconstruct the risk into its components and identify risk trends, both to inform clients and to design optimized reinsurance programs. Unlike many standard models and analytic approaches, they take into account evolving and emerging trends and assess whether clients’ results are indicative of a trend or an anomaly. With a suite of flexible diagnostic tools, Holborn helps clients interpret frequency and severity shocks, shifts, and trends, which enables clients to proactively manage future portfolio risks.
This capability has helped them serve multiple clients in the Midwestern states exposed to frequent tornados, hail storms, hurricanes, and derechos. “We’ve customized our analysis based on individual clients’ needs and find alternatives to standard industry models to better understand and analyze catastrophe risk, reduce uncertainties and provide improved risk analysis models,” says Adam Manus, President and Chief Brokerage Officer, Director of Holborn.
“For example, if the derecho had shifted by 30 miles, it could have had extreme implications. It was a near miss. So we’ve used the information to develop other scenarios that can be measurable,” says Scott Rosenthal, Senior Vice President, Head of Analytics at Holborn. Another tool enables clients to better understand the risk to derecho-like events and how it compares to the third-party models available in the market.
“Every client is unique—the reason why we invest in client collaboration,” says Scott. Holborn’s team takes the time to learn about each client’s history, culture, and vision. The collective advocacy from brokers and analytics is put to work to help clients manage their risk appetite and reach their financial goals, leading to solid, often decades-long relationships.
Today’s pandemic has added to the insurance industry’s uncertainties, but their existing strategies of utilizing data for useful insights and focusing on skilled internal resources are expected to continue. Holborn has been hiring suitable talent in their analytics unit to strengthen their resource base further.
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Company
Holborn
Headquarters
New York, NY
Management
Adam Manus, President and Chief Brokerage Officer, Director of Holborn and Scott Rosenthal, Senior Vice President, Head of Analytics at Holborn
Description
Holborn is an independent reinsurance intermediary offering responsive account services, customized and proprietary analytics, and global access to their clients, helping them better understand the risks. They dig deep into the data to analyze the exposure profile of their insurance carrier clients and identify risk trends, both to inform clients and to design optimized reinsurance programs. Holborn has built a flexible risk modeling framework that customizes and captures each portfolio’s unique loss characteristics. Their capabilities have helped them serve multiple clients in the Midwestern states exposed to frequent tornados, hail storms, hurricanes, and derechos