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Rate Movement & Benchmark Price Monitoring · BloomSpec

Where this sits

Underwriting & Risk Selection
Commercial & Specialty P&C Underwriting
Underwriting Portfolio & Performance Management
Rate Movement & Benchmark Price Monitoring

Alongside it

Emerging Risk & Horizon Scanning
Portfolio Mix & Concentration Monitoring
Portfolio Steering & Remediation
Premium & Growth Performance Monitoring
Underwriting Business Plan Alignment
Underwriting Profitability & Variance Analysis
Underwriting Strategy & Risk Appetite Management

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Which products support operations within this?
How is this connected to {product}?
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Capability

Rate Movement & Benchmark Price Monitoring

The ability to monitor benchmark price, risk-adjusted rate change, and related price movement across new and renewing business so underwriting management can identify deterioration, opportunity, and divergence from plan.

Also called Rate Change Monitoring.

Operations in this capability3

Identify Rate Adequacy Deterioration
Monitor Benchmark Price
Monitor Rate Movement

Problems this addresses1

Rate Adequacy Deterioration

How this is measured2

Benchmark Rate Movement
Renewal Rate Change