MGA Striior partners with Green Shield to improve underwriting risk selection

Striior Insurance Solutions, a managing general agent (MGA) specialising in builder’s risk, has partnered with Green Shield, a US-based catastrophe risk mitigation specialist, to improve performance and support strategic growth through “unmatched wildfire analytics”.

This collaboration will focus on Striior’s builders’ risk program and deliver critical, property level insights to improve underwriting risk selection in wildfire prone locations.

The program will also introduce customised risk mitigation plans into Striior’s account level underwriting process, which will enable the MGA to improve existing exposures and identify new opportunities in the market.

Kaileigh Bowe, President of Striior Insurance Solutions, said: “Striior is pleased to add Green Shield’s analytics to our underwriting arsenal. Even with deep expertise and knowledge in construction risk, we welcome the use of a tool that can offer robust analytics, like their property-level and portfolio-level insights, to help improve our overall performance and support strategic growth.

“Green Shield’s willingness to help property owners proactively reduce their exposure is game-changing, and we look forward to a successful partnership.”

Green Shield’s wildfire analytics aims to go beyond the traditional risk score most large carriers rely on, according to Green Shield Founder Pat Blandford.

Most of the industry standard models paint regions or zip codes with the same risk score, resulting in many carriers deciding not to offer coverage in several states.

Only utilising risk scores to evaluate wildfire exposure limits underwriting opportunities in large swaths of challenging geographies, Blandford explained.

Adding: “Our mission at Green Shield is to go below the surface and identify good properties in difficult regions and improve their defensibility.

“We couldn’t be more delighted with the opportunity to support Striior’s world class team in their efforts to better understand the evolving realities of natural disaster at an individual property level.”

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