RMS’ Post

📊 Maximizing Cost Efficiency in Storm Recovery At VSNI, we understand that the financial side of storm recovery is just as crucial as the physical repairs. Our repair-first approach not only speeds up the recovery process but also significantly reduces claims costs, saving insurers money while increasing operational efficiency. By focusing on targeted repairs rather than full replacements, insurers can expect a more cost-effective solution. Our data-driven approach provides financial clarity, helping insurers make informed decisions that improve the bottom line. Let’s connect and discuss how we can help optimize your financial outcomes and drive better results in storm recovery. 💡 Together, we can improve the financial impact of storm damage response! #CostSavings #Insurance #StormRecovery #FinancialManagement #VSNI

Allstate catastrophe losses estimate surges in May

Reinsurers generally produced strong underwriting results in the first nine months of 2024. Aon’s 9M 2024 Reinsurer Results Study reveals that the average combined ratio across 23 companies surveyed was 91.4%. While ceded losses have increased in 2024, most reinsurers will remain within their allocated catastrophe budgets, despite the impact of Hurricane Milton. Could our reinsurance solutions help your business grow in 2025? https://aon.io/3rp9Phs #reinsurance

Strong Performance in 2024 for Global Reinsurers Aon’s latest Reinsurer Results Study shows resilience in the market, with an average combined ratio of 91.4% across 23 companies surveyed, despite challenges like Hurricane Milton. Reinsurers are managing ceded losses effectively within their catastrophe budgets and remain well-positioned for growth. Is your business ready for 2025? Explore how Aon’s solutions can support your strategy. https://aon.io/3rp9Phs #Reinsurance #RiskManagement #Aon

“Tropical cyclones in the North Atlantic, called hurricanes, and those in the Northwest Pacific, called typhoons, caused an estimated $51 billion in insured losses in 2024, according to a report Monday from Munich Reinsurance Co. Inc. The $51 billion in insured losses is “significantly” higher than both the past 10-year average of $36.1 billion and the past 30-year average of $23.7 billion.” #insurance #underwriting #insuranceindustry #reinsurance https://lnkd.in/egU3_scX

Help - catastrophe! Think of this scenario: * a cyclone hits and damages a lot of buildings in your town * nearly everyone's building has damage but there are only 2 builders that live in town and they can't keep up with all the repair work Your insurer will pay the extra or escalated costs to help rebuild your business property by covering the costs to bring in other builders. This can apply to strata buildings as well. Ask us if you have catastrophe cover in your insurance policy today. ----- There are restrictions to this benefit: * the Insurance Council or other authority has to declare the event a catastrophe

Allstate catastrophe losses estimate surges in May

Allstate catastrophe losses estimate surges in May

🤝 Building Strong Partnerships for Efficient Storm Recovery At VSNI, we understand the importance of collaboration. By partnering with insurers, we ensure that storm recovery is seamless, efficient, and cost-effective. Our repair-first approach helps reduce the overall costs of claims while speeding up recovery time for policyholders. We take pride in working alongside our insurance partners to ensure that every step of the recovery process—from initial assessments to final repairs—is handled with the utmost care. If you’re an insurer looking for a trusted partner in storm recovery, let’s connect and explore how we can build a long-lasting, mutually beneficial partnership. 🌟 Together, we can create smarter, more cost-effective recovery solutions. #InsurancePartnerships #StormRecovery #VSNI

🌟 Partnerships are key to success in storm recovery! At VSNI, we work closely with insurers to streamline the recovery process and ensure the best outcomes for policyholders. Together, we can make a significant impact. So I would pose this question; how can we better support your needs?