Our services
Insurance Review and Cost Reduction
Enterprise Risk Management, Risk Appetite, Tolerance and Retention
Governance Risk and Compliance
Other Risk Services
Insurance Review and Cost Reduction
We provide an independent, factual analysis of your current insurance program, benchmarking its structure and costs against market data to identify potential efficiencies. Our insurance diagnostic and benchmarking provides a technical comparison of your existing program against market standards, and we facilitate a comprehensive tender management process designed to create competitive tension.
Governance, Risk and Compliance
Boards, Audit and Risk Committees as well as key stakeholders, demand rigorous risk frameworks and governance solutions. We assist organisations in developing and documenting robust governance and compliance frameworks, tailored to their operational needs, to support them in meeting their regulatory obligations.
Other Risk Services
Explore our additional offerings:
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Loss modelling
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Business Continuity
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Expert witness services
Partner services
Through our relationships with our partners, we are able tailor solutions to the unique complexities of our clients.
By blending our expertise with the capabilities of other specialist providers, our clients can be assured that they are getting the best solution at a competitive price.
Explore the services which we can provide through our partner network.
Organisational Resilience
Political Risk and Country Risk
Crisis Response
Cyber and Digital
Health, Safety and Environmental Risk Management and Solutions
Training and Development Solutions
Organisational Resilience
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Risk identification and assessment
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Business continuity management
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Crisis readiness, response and recovery
Political Risk and Country Risk
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Managing political and country risk
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Strategic advisory
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Regulatory and economic risk monitoring
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Market entry/exit risk assessment
Crisis Response
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Kidnap, extortion and threat response
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Product recall response and recovery
Cyber and Digital
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Cyber security and online threat intelligence
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Cyber security risk profiling
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Cyber security incident response
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Cyber protection and security auditing
Health, Safety and Environmental Risk Management and Solutions
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Workers Compensation risks
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People risk Solutions, including well-being programs
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Health insurance
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Environmental risks, identification, management and /or transfer
Training and Development Solutions
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Duty to protect employees
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Professional development
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Capability to respond
Please contact us should you wish to discuss or require further information on
any of our partner services.
Insurance Review and Cost Reduction
Enterprise Risk Management, Risk Appetite, Tolerance and Retention
Insurance Review and Cost Reduction
/ Potential issues facing our clients
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Losing control of insurance costs and unsure whether your premiums are competitive
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Uncertainty as to whether you are getting the highest performance from your broker and whether your broker is acting in your best interests
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Inadequate visibility of cover suitability, potential exposures and new risks
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/ Key outcomes for our clients
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Our structured review process is designed to identify potential cost-saving opportunities and create a competitive environment
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Transparent insight into broker performance and confidence in their agency
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Improved knowledge of broker remuneration practices
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Compare the latest perspectives and knowledge from top tier brokers of your insurance program
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Provides a detailed comparison of your current policy wordings and coverage against proposals received through the tender process
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Compares your stated business risks against the coverage defined in your existing policies, highlighting any identified gaps in cover
/ Our process
We are independent from all brokers and insurers. There is no need to change your incumbent broker to achieve positive results. Our process is pragmatic and flexible - we will tailor it to meet the specific needs of your business.
Depending on your requirements, our process may include:
A review of your current broker and insurance program
Benchmarking of your insurance program (including cost / premiums, coverage, deductible and indemnity level)
Development of an RFP document for your insurance program
Tender management services, including the coordination of broker responses to facilitate a competitive procurement environment
A summary and comparison of the technical components of broker tender responses to assist in assessing provider capability
A consolidated summary of proposals from tendered brokers, outlining potential changes to your insurance program for your consideration
A review of broker performance and areas of improvement
Benchmarking of current loss limits and indemnity levels against relevant industry data and tendered proposals
Documenting your insurable risk profile and providing a factual comparison against the scope of your current insurance program
Policy wording review, comparison and benchmarking
Enterprise Risk Management, Risk Appetite, Tolerance and Retention
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/ Potential issues facing our clients
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The organisation’s risk appetite may fail to clearly articulate the amount and type of risk it is willing to take in pursuit of its corporate objectives and goals.
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Difficult to make informed decisions in relation to the achievement of the organisation’s strategies and goals.
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The organisation may be under-insured facing unexpected financial losses.
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The organisation may be over-insured wasting valuable risk capital.
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Management does not know the organisation’s boundaries for risk taking.
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/ Key outcomes for our clients
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The development of a clear statement of the broad risk categories to which the organisation is exposed.
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The risk categories identified will be comprehensive and reflective of the risks to which the organisation will be exposed in the normal course of its operations,
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A clear understanding of the level of risk the organisation is willing to take for each category is developed.
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Faciliating an actuarial analysis of various risk retention options, including financial modelling of potential outcomes to inform your strategic decision.
/ Our process
Faciliating an actuarial analysis of various risk retention options, including financial modelling of potential outcomes to inform your strategic decisions.
We will assist in the development of a formal Risk Appetite and Tolerance Statement that documents the strategic objectives, including the purpose, vision, and values of the organisation.
For each risk category identified the organisation expresses the level of risk it is willing to take – facilitated by our experts.
Benchmarking the financial implications of various risk retention options against industry data to provide a comparative analysis for your review.