Introducing Rokstone’s LOI Benchmarking Tool

When informed decision making is paramount, navigating the complex landscape of specialty insurance can seem daunting, especially when it comes to determining the right Limits of Indemnity (LOI). However, things are about to get clearer with the launch of a brand new tool by Rokstone D&O.

LOI Benchmarking Tool

The Limits of Indemnity (LOI) Benchmarking tool proudly resides on our website, providing guidance on the intricacies of D&O insurance limits. Jimmy Heaton, the driving force behind this innovation, describes it as a one of a kind resource that amalgamates expertise from underwriting and actuarial functions, tailored to cater to the needs of businesses navigating the D&O insurance landscape.

Empowering Decisions with Expert Insights

The LOI Benchmarking tool is a result of intense collaboration and efforts to address a common challenge faced by many: determining the appropriate size of limit to purchase. It works by allowing users to input essential business parameters such as ownership status, size, territorial exposure and sectoral exposure.

Once these details are provided, the tool generates a benchmarked LOI suggestion, a starting point for businesses seeking guidance on suitable D&O limits. The tool provides valuable insight and the suggestions can provide a helpful point of reference in future discussions with clients, to enable the tailoring of insurance solutions that align precisely with individual business needs.

Supporting Brokers with Innovation

Representing the Rokstone commitment to supporting partner brokers with innovative tools and insights, Jimmy Heaton underscores the uniqueness of the tool in the D&O market.

He said, “We are thrilled to offer this open access resource to businesses. It aligns with our underwriting appetite and stands as a testament to our dedication to empowering businesses with informed, decision making tools.”

The LOI Benchmarking tool is currently available for commercial institutions based in the UK and EEA.

Leap Towards Informed Decisions

This pioneering tool awaits your exploration. Take the first steps today by trying out the tool right here on our website. The future of decision making is at your fingertips.

Try the LOI Benchmarking tool today!