Protecting your aspirations
Risk management is the practice of being prepared: understanding your environment and your exposure to existing or emerging risk factors. You can access our risk management expertise in multiple ways: through site visits, loss control inspections, education sessions and consulting services. The right risk management strategy helps reduce your costs, which goes beyond the insurance premiums you pay. Protection is about more than just having the right insurance policy. It also means preventing claims before they happen. That’s why we base our client relationships on a firm foundation of risk management. Our experienced team of risk management experts can, at your request, assess your current environment for exposure. We will help to identify potential risks, examine your operational policies and procedures, and suggest ways to better protect your organization, ensuring every day is business as usual.
Our Risk Management Services
Business leaders and organizations need to understand that every venture or project has unique risk challenges. Forward-thinking businesses seek to prevent incidents involving their people, property or finances – and take steps to reduce the likelihood and impact of the risk occurrences they cannot avoid. We have the knowledge and experience to help your organization evaluate your loss history, culture, the insurance market climate, and industry-specific conditions relevant to your business. With our risk management services, you can prioritize and minimize the financial impact of potential risks to your most valuable assets
Frequency and Severity Assessments
Frequency-severity method is an actuarial method for determining the expected number of claims that an insurer will receive during a given time period and how much the average claim will cost. For entities with sensitive exposures to claim frequency and severity variations, our services range from providing mission-critical probability and life-cycle analyses, to partnering as a full-service provider of loss control and remediation services.
Claims History Analysis
Insurance claims analysis is the inspection and judgment of merit in the requests for coverage of incidents by insurance claims. We have the expertise and ability to offer you a claims history analysis that focuses on the predominant sources of your claims. After completing the review, we will provide you with a risk management program to help eliminate many of these sources.
International Risk Exposure
Foreign Exchange Exposure refers to the risk associated with the foreign exchange rates that change frequently and can have an adverse effect on the financial transactions denominated in some foreign currency rather than the domestic currency of the company. Our team of highly experienced risk management and financial consultants assists clients in the strategic and tactical management of market risks including foreign exchange risks, commodity price risks and interest rate risk.
Alternative Claim Settlement Negotiations
Our expert negotiators can assist in resolving disputed claims or claims which require special, individualized handling. To speak to an expert about an injury that was caused by somebody else’s negligence and your right to make a claim, contact us!
Contingent Exposure Identification
How much of your company’s operations rely on another entity? How disruptive would a long-term computer outage be to your company’s ability to maintain normal business operations? What if you lost a key source of raw material or component parts from a supplier? What if the financial markets were disrupted due to economic / political conditions? We will make observations with respect to properties and recommendations are provided to improve the quality of risk. We also will review the life safety measures that are in place. Of particular interest will be potential hazards that would involve bodily injury or damage to your property.
Loss Control Inspections
The value of your buildings is the sum of many parts—from construction details to inventory to occupancy classifications. If you’re looking for the most accurate total replacement cost calculation for your insured buildings, we can help. We will perform detailed inspections of your properties. We consider the ways your staff, clients and visitors interact while on your property, and look for potential liabilities and risks and deliver detailed recommendations to help you reduce your risk exposure.
Captive Feasibility Studies
A captive feasibility study is a study undertaken to determine whether a contemplated risk financing program is feasible for a particular organization or group of organizations. We will provide actuarial support for the loss assumptions, a description of any reinsurance protection behind the captive, and an explanation of how the capital requirements of the selected entity will be met.
Technology Risk Review
Companies are increasingly exposed to modern technology risks specially the risks flowing from the explosion of information technology (IT) Our experts will analyse your technology support systems with special emphasis on your IT systems and infrastructure that is essential to the process of delivering effective IT support. We will provide a systematic, technical assessment of your IT network and systems. The review allows our engineers to identify any impending threats, areas of risk, or ideas where improvements might be made.
