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INNOVATION

The word “innovation” refers to something new or different that causes a positive change.

 

Innovation is a process. It starts with taking the time to work with clients and identifying the areas where they want to enhance performance. From there, Carvill develops a business model to reflect their individual needs and creates the best product available.

In the Specialty market, innovation often means examining and measuring alternatives – either to enhance what is available or to create something entirely new – in concert with informed capital. This change results in the development of new products, distribution methods, enhanced contract certainty, claims collection and administrative processes. And in some cases, it means changing the perception and direction of the marketplace altogether.
 
     
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Evidence of Carvill innovation includes:

  • Developed a Basis Risk Management Method (COBRA)
  • Created the Carvill Hurricane Index™
  • Formed Start-up Company Business Plans for volatile Areas
  • Created Major Excess Limit Programs
  • Launched First Casualty Claims-made Catastrophe Cover
  • Awards Made Products for Specialized Medical Writers
  • Instituted the First Reinsurance Program Integrated with Casualty Cat Bond
  • Carvill has been placing Industry Loss Warranties (ILWs) since 2005
  • Introduced Technology-backed Specialist Underwriting Platforms
  • Created a New Hurricane Underwriting Risk Management Tool
  • Launched Major Developments in Aggregations and Reinsurer Credit Default Protection