We Take A Different Approach To The Insurance Challenges You Face...
We Help You Turn Them Into Opportunities!
With Commonwealth Associates you get a partner - not a consultant
Welcome to Commonwealth Associates
We understand Insurance from the inside out. In today's ultra competitive marketplace, your customers demand more and more from you. Technology is moving at light speed, regulatory pressures mount, reinsurance complexities abound and profit margins are squeezed like never before.
At Commonwealth Associates, we help you solve the challenges that the insurance industry presents. By leveraging today's innovative technologies, tools and ideas and at the same time employing the proven fundamentals of sound risk appetites, clear risk selection and decisioning practices, underwriting discipline, pricing expertise and financial risk management - we help turn today's challenges into tomorrow's opportunities.
Where can we help?
Here are just a few areas where Commonwealth Associates can provide you with insight and advice...
Underwriting
Evaluate, create, establish, adjust, implement effective underwriting guidance and procedures to support desired portfolio composition and profit targets.
Risk Appetite
Develop a clear, concise risk appetite that drives external producers to deliver the business you desire, while providing clarity and guidance to your internal underwriters.
Pricing
Evaluate and establish pricing programs, parameters, and practices, supported by strong internal analytics, to drive the desired portfolio make up and profit outcomes.
Reinsurance
Analyze and develop reinsurance options and structures - including alternative risk transfer tools - to leverage the effectiveness of risk transfer mechanisms, limiting net impact and maximizing income.
Product Design
Assist in the development of new insurance products and evaluating the effectiveness of existing products in support of risk appetite and underwriting goals.
Modeling/Artificial Intelligence
Analyze modeling techniques utilized, including aggregation, pricing and risk transfer models, for effectiveness.
Help evaluate and implement new artificial intelligence, language recognition, social media scrapers, underwriting decisioning tools, etc. for maximum effectiveness, efficiency and ease of use.