Business cycles are a fact of life, and while defaults may be soaring, large losses don't have to be inevitable... they can be prevented with the right underwriting information.

Ultimately, most underwriting losses stem from incomplete or misleading underwriting data, which is often INSUFFICIENT, INACCURATE or OBSOLETE. Exploring existing risk controls often feels like a dog and pony show and "character" exploration doesn't yield enough clues.

Yet, the most common complaint we hear from underwriters is that they just don't have a good sense of what goes on behind the four walls of their clients or prospects. No matter how much financial information they receive, there's always lingering uncertainty about how valid the data really is... that means underwriting involves just a bit too much guessing to let you sleep well.

Yes, underwriting may be tough. Sometimes it involves outright guessing. So we've developed a risk analysis system to help you lower excess risk and increase profits. With a MyRiskControl Risk Analysis Report:

• Additional information ensures underwriting decisions are based on sufficient data
• Analysis of accounting practices verifies whether financial data is accurate
• Quick turnaround ensures data is timely
• A DGR score provides a standardized means for comparing contractors' profitability risk
• A DGR rating simplifies identification of risk and provides general guidelines for granting credit
• Underwriters get a much clearer view of the current and projected health of their applicants to avoid undue risks

Underwriters no longer have to play a high stakes game of Russian Roulette. Just what goes on behind those four walls no longer needs to be a mystery.

See how MyRiskControl can work for you now:

Want to learn more? Just keep reading...

Financial Results and Profitability Risk are like Yin and Yang. They're both required to complete the risk picture, i.e. to determine the likelihood of business failure. They both work harmoniously to define the risk of business failure and provide much needed insight into the inner-workings of enterprises.

In most underwriting, Profitability Risk is either largely ignored because it is unavailable or remains subjective; many banks, sureties, and other creditors grant credit primarily on Financial Results. That creates two major problems:

1. Companies that appear strong financially, but have poor internal systems and controls, are extended credit. This excess risk taking by the creditor breeds the potential for high losses, such as were evident in the early 2000s in the surety industry and are evident now in banking.
2. Companies that appear weak financially, but that have strong internal systems and controls, are declined. These companies can be charged the highest risk premium, but are risks typically rejected, leading to lost profit opportunities.

When all underwriting factors are taking into consideration, underwriting risk is optimized which helps minimize large potential losses and maximize profitability.

Is your underwriting optimized or are you taking unnecessary risk and throwing good premium out the window? MyRiskControl Risk Analysis Reports provide the insight necessary to go from this:

To this

See how MyRiskControl can work for you now:

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To order a Risk Analysis Report or to speak with a Risk Analysis Specialist, just give us a call at toll free 866-611-7475 or you can or click below to send us a note:

Are you an accountant or other financial professional? Would you like to increase your suite of services? Our Certified Enterprise Risk Assessor program lets you provide MyRiskControl Risk Analysis Reports for credit underwriters and directly to your clients.

Want to learn more? Give us a call at toll free 1-866-611-RISK (7475) or click below to send us a note: