NEW YORK, May 1, 2014 (GLOBE NEWSWIRE) -- Crystal & Company, one of the world's leading strategic risk and insurance advisors, has launched a new analytics program to identify key predictors of companies' executive risks. The system, proprietary to Crystal & Company and its clients, is designed to provide sound recommendations to companies purchasing directors' and officers' liability insurance programs.
Crystal & Company's tool translates an organization's unique risk profile into an objective, data-derived model illustrating an insured's exposure to loss from securities claims. The model pinpoints factors that are most important to insurance underwriters when assessing a company's risk profile. It also creates data to help determine optimal risk transfer and risk retention structure.
"Crystal & Company's new D&O analytics tool provides our clients with valuable insights into the relative 'riskiness' of their business," said Sandy Crystal, Executive Vice President of Crystal & Company. "Our experts can also benchmark a company's exposures against their peers, generating critical competitive industry data and trends."
The mined data comes from numeric and text sources including: a company's SEC filings; historical M&A activity; regulatory actions filed; publicly available claims data; and, price trends. The results quantify their company-specific exposure to securities class action claims and benchmark against others in the industry. It also provides data points to help determine the appropriate amount of D&O insurance to purchase, balanced against the "right" self-insured retention and delineates specific drivers of exposure to highlight possible sources of litigation. Ultimately, this guides insurance purchasing decisions to provide a financial hedge against the risk of claims alleging a breach of fiduciary responsibilities by executives.
About Crystal & Company
Crystal & Company is one of the world's leading strategic risk and insurance advisors, serving the full range of clients' risk management, insurance brokerage, and employee benefits consulting needs. A national firm serving a global clientele, Crystal & Company is headquartered in New York, with 10 offices across the United States. Crystal & Company is a proud equity owner of Brokerslink, a global alliance of leading independent insurance brokerages. The firm is comprised of more than 400 talented individuals distinguished by their technical expertise and industry-specific knowledge, united by their common passion for serving their clients. Established in 1933, the company has sustained its independence through 80 years and three generations of Crystal family ownership and management. For more information, visit www.crystalco.com.
CONTACT: Media Contact: Marisha Chinsky Makovsky 212-508-9654 firstname.lastname@example.org
Source:Crystal & Company