This service is meant as a back-office solution assisting in-house insurance personnel with their own analytics and negotiations with brokers. Please refer to the comparison table below.
The following items are NOT included in this service:
a. Triggering policies and claims management for effective and fast payout
b. Deductible Cash advance at loss
c. Implementation including negotiations with insurance brokers/companies
d. Contractual guarantees on service and cost
e. Our team being responsible for the implementation and claims processes
A comprehensive solution from structuring insurance to fit your operational details to triggering insurance for effective payout, all while having our own skin in the game.
A back-office solution to provide you with analytics for your own negotiations with brokers and insurers.
a. Quantifying exposures and probabilities of occurrence for desired protections and for different loss scenarios;
b. Comparable-based analysis on the latest operational controls and insurance;
c. Relevant regulatory updates.
Updates based on market changes, Client operational risk profile, operational losses, and quarterly management calls.
- Deductible Cash Advance at Loss;
- Lowest of 10% of main deductible or 1% of insurance limit (repaid upon successful insurer payout).