Brokers could find their premium negotiations made easier with the move of risk modelling company Stochastic Financial Modelling (SFM) to work with insurance companies.
The company provides actuarial analysis of corporate risk programmes. Until now it has worked almost exclusively with corporate clients and their brokers.
SFM director Peter Corcoran said that in the past brokers would use SFM's projections to assist in premium negotiations.
If the buyers and the insurers used the same model this would assist in the pricing discussions and the development of the best risk programme, Corcoran said.
"It will help insurers create better medium to long-term relationships with clients," said Corcoran.