General Insurance

Helping You Stay Ahead of the Curve: Innovative Solutions for the Complexities and Challenges of General Insurance

General insurance is a crucial part of the modern world, providing individuals and businesses with a safety net against the unexpected risks of daily life. However, the insurance industry is complex and constantly evolving, and insurers face a multitude of challenges that can make it difficult to provide the best possible service to their customers.

One significant challenge in the general insurance sector is the phenomenon of anti-selection, occurring when flaws in premium rating systems allow customers to obtain insurance at a price that does not reflect the underlying risk. Our services help avoid anti-selection by ensuring that your premiums are priced fairly and accurately, considering all relevant and measurable risk factors.

At Brett & Watson, we understand the challenges facing insurers and provide tailored services to meet their specific needs. Our expertise includes liability valuations for all classes of insurance, helping businesses to determine the appropriate level of cover, analysis of performance, premium rating, and review of insurance coverage to ensure policies are up-to-date and offer optimal protection. We can provide services to assist clients when statutory prudential and reporting requirements change, for example, for the transition to AASB17 reporting.

We are committed to providing high-quality, accurate advice and maintaining attention to detail. Whether you are a small business owner or a large insurance company, we have the knowledge and experience to help you navigate the complex world of insurance and provide the best possible service to your customers.

Liability Valuations for All Classes of Insurance

Our team at Brett & Watson specialises in providing comprehensive liability valuations for all classes of insurance. We work with our clients to determine a reasonable reserve for claims and help them determine the best way to spread the premiums to reflect the risks. We have worked with a range of clients, including numerous local and state government bodies who manage their own liability risks.

Analysis of Performance

Our experts at Brett & Watson can assist with analysing the performance of insurance programs to identify areas of strength and opportunities for improvement. Our team can help our clients evaluate and measure the effectiveness of their insurance programs and provide recommendations to enhance performance.

Premium Rating

We provide premium rating services for our clients, such as the Queensland local government mutual liability pool. Our team works closely with our clients to determine a sustainable premium rate that covers costs while also managing risk. We consider factors such as claims experience, risk profile, and market conditions to determine the optimal premium rating.

Review of Insurance Coverage

Our team can conduct a thorough review of our clients’ insurance coverage to ensure they have the appropriate protection in place. We work with our clients to identify any gaps in coverage and provide recommendations for improvements. Our experience includes working with clients on workers’ compensation insurance to ensure that they are properly protected against risks.

Serving The Businesses That Serve Australia

Modelling the future for strategic decision-making.

Ready to take charge of your future with data-driven insights? Uncertainty holds boundless opportunities for growth, and at Brett & Watson, we’re here to help you seize them all. Contact us using the form alongside, and let’s connect to shape your success together.