Risk Analytics and Benchmarking
Precision Risk Analytics
Risk isn’t guesswork—it’s measurable. Knightcorp’s Risk Analytics & Benchmarking services transform complex data into actionable insights, helping you optimise coverage, mitigate threats, and stay ahead of industry risks. Make decisions backed by intelligence, not uncertainty.
Expertise That Works
Risk Intelligence that Gives You an Edge
At Knightcorp, our specialists leverage deep industry knowledge, cutting-edge analytics, and regulatory expertise to deliver actionable insights that strengthen your risk management strategy. We look ahead with leading-edge forecasting techniques and back with historical analytics. Then we benchmark against industry standards, helping you make smarter decisions that optimise coverage and reduce exposures.
- Predictive Risk Analysis: Using Knightcorp’s insurable risk analysis and tools from industry experts, we forecast emerging risks, from supply chain vulnerabilities to cyber threats, so you can proactively manage exposures before they impact your bottom line.
- Claims & Loss Analytics: We analyse historical claims patterns, loss ratios, and premium trends to help you minimise costs and maximise insurance value.
- Bespoke Industry Benchmarking: We compare your risk profile against real-time market data and sector-specific benchmarks to ensure you’re neither over-insured nor under-protected.
Step By Step – Risk Analytics & Benchmarking
Step OneIdentify Risks:
We assess your business operations and key risk factors.
Step TwoData Collection:
We gather internal and external data relevant to your risks.
Step ThreeRisk Analysis:
We analyse the data to quantify your risk exposure.
Step FourBenchmarking:
We compare findings against industry standards and competitors.
Step FiveRisk Prioritisation:
We rank risks based on severity and likelihood.
Step SixRecommendations:
We suggest the right coverage or risk mitigation strategies for you.
Frequently Asked Questions
Demystifying Insurance
How does Knightcorp do risk analytics and benchmarking?
Risk Analytics involves assessing potential risks by analysing your company data, while Benchmarking compares your risk metrics against industry standards to identify areas for improvement.
How can a risk analytics program lower my premiums?
Insurers price risk based on data. You gain leverage in premium negotiations if you can prove you manage risk better than the industry average. Our benchmarking services compare your risk profile against competitors', helping you highlight strengths and potentially reduce unnecessary coverage costs.
Can I use analytics to restructure my policy structures?
Definitely. Many businesses are overinsured in some areas and underinsured in others. By comparing your coverage to your claims trends and against industry benchmarks, we help you prioritise the right policies, coverage, and excesses and eliminate unnecessary costs.
How does predictive risk modeling work?
We use historical claims data, regulatory trends, and industry insights to forecast emerging risks—from supply chain disruptions to cyberattacks. This allows you to adjust coverage before risks become liabilities.
Leadership
Meet Huw
Huw Thomas, Head of Broking at Knightcorp, specialises in risk analytics and benchmarking. With extensive experience across Australian and UK insurance markets, Huw leads his team in delivering data-driven insights that empower clients to make informed decisions. His strategic expertise ensures tailored solutions that optimise coverage and minimise risks, setting the benchmark for excellence in broking services.
