Risk Consulting

In an uncertain and complex world, it is more critical than ever for organizations to manage risk holistically using the right combination of innovative strategies and solutions.

At Assurein, we have an experienced team that takes an enterprise-wide approach, consulting closely with you to identify, analyze and manage the broadest possible range of business and individual risk. We believe that the best way to manage risk is to eliminate or reduce it whenever this is possible.

We assist our clients in assessing the full spectrum of their risks and developing customized strategies to address them and reduce Total Cost of Risk so that they can focus on their overall business goals.

OUR KEY FOCUS

Our key focus is on strategic advice. We innovative solutions across a wide range of insurable and non-insurable risks with the goal of:

Understanding your business needs
Reducing your total cost of risk
Quantifying your risk and implementing effective risk control strategies
Early intervention
Claims data analysis.
Prompt and fair claim settlements
Reduced risk and premium costs.

Working closely with our clients, we develop bespoke Risk Management Reviews and provide advice in the following areas:

Fire Risk Management
Security Controls
Employers and Public Liability Claims
Flood Management
Fleet Risk Management
Business Continuity
Claims Defensibility

Below are the major components we would recommend to be addressed as part of the risk management process. They tell a story about your company and how it approaches risk and insurance needs

1. Identify and measure all exposures to loss

This is the single most important function and the one most often slighted or only paid lip service. Without this step, there is no rational way to put in place a meaningful insurance risk management program

2. Choose risk finance alternatives

Through knowledge of the company’s financial structure and the risk appetite you then select methods of funding the risk. Funding includes an appropriate mix of retention, mitigation, transfer (insurance) or using captive insurer.

3. Negotiate insurance

Deciding what insurance is needed, and then going to the insurance marketplace to obtain the best conditions of coverage and cost.

4. Adjust and monitor claims

Reporting procedure should be instituted, and tracking methods developed, to ensure timely closure of claims.

5. Keep & Analyze records

A very important tool is a complete, well organized record of insured and self-insured losses and all other risk related correspondence and information. This serves to document the plan, problem areas and what is working.

6. Oversee loss preventative activities

This involves the selection of the most appropriate loss prevention support services designed to reduce exposure to loss

We believe in risk taking

We understand that taking risks defines modern business. Our aim is to help you understand those risks better, equipping you to anticipate and measure risk, minimise cost associated with risk and maximise business potential. Talk or email us at Assurein, we will assess your needs and assist you tailor a comprehensive risk management program that addresses your specific needs.

Alternatively, you can fill the form below and our team will get back to you as soon as possible.

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