Once we have identified and quantified our clients’ risk exposures (ie. Risk Profile), then we are in a position to design an appropriate risk transfer (ie. insurance) program.
The insurance programs we design take into account the following factors:
Risk appetite (ie. how much risk you want to retain).
Probability and consequence analysis.
Financier and other third party requirements (eg. contractual requirements).
Other risk management measures (eg. physical protection, critical spaces etc).
Analysis of possible and probable loss scenarios.
Historic claims experience.
Cost Benefit analysis.
Normal / prudent insurance covers (particularly relevant for publicly listed companies).
Structured to accommodate future changes in risk profile.
Complies with contractual legal and legislative requirements.
Is tailored to cover specific and evolving risks.