Process
Insurance Procurement
The commercial real estate insurance industry is often marked by a lack of transparency, where brokers and carriers may offer products that do not align with client needs and exert significant control over pricing. In many cases, brokers and carriers are incentivized to promote the most profitable plans for themselves rather than the most suitable solutions for clients. Without sufficient competitive forces, pricing often reflects what the market will bear rather than what the coverage is truly worth.
The result is an inefficient marketplace that consistently disadvantages the end buyer.
At R. M. Currey, we recognized this status quo and chose to take a different path. We developed a contrarian process designed to address these industry challenges head-on.
The RMC Process™
The RMC Process™ combats the salesmanship and inherent conflict of interest within the industry that have long plagued commercial real estate insurance procurement. The result is a more transparent, efficient and enjoyable experience for our clients.
Leveraging our proprietary Lighthouse data technology, our experts are armed with the largest private collection of insurance and real estate data in the marketplace to match our clients with the best coverage for their needs at the lowest possible rate.
Simply put, there is no better way to procure commercial real estate insurance.
By combining deep industry expertise with innovative technology, The RMC Process™ injects additional competition and fosters an environment that delivers the most efficient and sophisticated insurance model. As fiduciaries, we manage the process with the clients’ interests as the highest priority.
While many buyers perceive insurance as a commodity, it is, in fact, a negotiable contract — both in terms of price and coverage. A buyer does not need to settle for “market” prices. Employing our expertise and processes results in a decided advantage for R. M. Currey’s client base.
Three Phases of The RMC Process™
Phase I: Risk Optimization
R. M. Currey begins with a deep analysis of construction, loss, and location data using our proprietary Lighthouse data technology. This includes verifying construction details, reviewing historical loss trends (severity vs. frequency, attritional vs. CAT), and modeling CAT exposures to refine risk profiles. Contractual risk transfer is also standardized across vendors.
Phase II: Platform Optimization
This phase leverages controlled competition by strategically splitting the marketplace among multiple insurance sellers. Leveraging our advanced data technology, R. M. Currey develops customized specifications, manages market messaging, and eliminates inefficient RFP processes and contingent commissions. The result is a level playing field where brokers compete purely on merit — without “last looks” or hidden advantages.
Phase III: The Lighthouse Effect
Traditional insurance buying lacks objective data, relying instead on broker opinions. R. M. Currey solves this with our Lighthouse data technology providing data-driven pricing strategies to optimize coverage and cost.
Lighthouse Data Technology
A significant advantage that we bring to our clients is our proprietary Lighthouse data technology, the most comprehensive private database of insurance and real estate information in the market today. This technology enables both micro and macro-level analysis of risk coverage, pricing and exposure. Designed to be fully integrated with the nuances of commercial real estate, Lighthouse equips our teams with powerful insights that go far beyond what is available through traditional channels.
By aggregating and analyzing detailed client policy and exposure data, Lighthouse allows us to benchmark insurance programs in real time — comparing costs and coverage structures against similar assets and portfolios. This empowers us to evaluate what insurance programs should cost in a competitive market, rather than relying on broker-driven pricing. The result is custom, data-informed valuation and risk strategy that supports more accurate decision-making and delivers measurable value for our clients.