“Prior to OODA Risk we had an “Insurance Consultant” who analyzed our policies and shopped our account out among their list of approved brokers to try and get better rates. Our success with this model was mixed at best.
OODA Risk identified the true cost drivers in our insurance program, built and deployed a custom risk management program for us, allowing us to restructure our insurance program. By changing our insurance structure, while remaining lender/investor compliant, we were able to reduce our commercial insurance expense by 40% while our peers had to continue to absorb 15 & 20% increase.
This would not have been possible had we continued to focus purely on shopping our insurance program through our prior consultant.”
Zara Case Study:
| Program Element | Prior To OODA RISK | After OODA Risk |
| 5 Year Loss Pic
(ratio of insurance premiums paid to Incurred loss) |
67% | 28% |
| Average Annual Premium Increase | 18%
(2019, 20,21) |
-40%
2021 |
| Return on Investment w Consultant | -38% | +423% |
About Zara :
Zara is an owner operator of residential apartment rentals in NYC with well in excess of 2000 units under management. They self manage their own properties. They have been in acquisition mode for the last several years adding to their portfolio each year.