Mission Critical Investment

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Just like CFOs and Controllers invest in an ERP (Enterprise Resource Planning) system to do their jobs properly, underwriters, claims adjusters and their account management staffs need the IRMI KnowledgeBase to do their jobs properly. IRMI is a mission critical investment rather than a discretionary expenditure.

Underwriters

Identify and Close Coverage Gaps

Using IRMI to help agents/brokers identify and close gaps in coverage is worth:

• $75,000/yr. or more in annual commercial premiums for each new commercial account acquired or existing account retained as a result of your coverage proficiency
• $1,000,000/yr. or more per top producer channeling business through you as a result of your underwriting technical proficiency and understanding of warranted exceptions

Answer Questions

Using IRMI to help answer risk management-related questions and give related advice on strategies is worth:

• $75,000/yr. or more in annual commercial premiums for each new account acquired or retained as a result of your risk management service capabilities

Claims Adjusters

Using the IRMI KnowledgeBase as 3rd-party support with its explanations of policy provisions, endorsements and related coverage intent of provisions to make correct claims decisions and structure good reservation of rights letters is worth:

• $100,000 to $ Millions in avoidance of legal disputes and related bad faith judgments or settlements
• $75,000/yr. to $1,000,000/yr. + in annual premiums per account retained as a result of enhanced trust and confidence in your claims decisions and related rationale