Burnham works with clients to determine risk tolerance and adequate insurance limit levels using a combination of benchmarking and loss event severity analysis by risk type.
Loss event severity analysis can be performed for insurable risks faced by companies. Burnham will develop the severity potential based on factors from the following risk categories:
Burnham works with clients to design a retention strategy that aligns with their risk tolerance and appetite. After analyzing a company’s risk bearing capacity, loss stratification and assessment of future loss funding, we determine the optimal risk retention strategy. Burnham can also provide you with retention benchmarking of organizations similar to your own.
Burnham Custom Risk Services platform includes a claims unit accountable for proper performance and oversight of all claims processes for our clients’ insurance and risk management programs.
Burnham takes an analytics-based approach to managing claims and effectively manages data gathered during the claim process. This ensures proper utilization of data to avoid high-impact claim opportunities from being overlooked.
Burnham claims management experts specialize in providing services in the following areas: