Services | Resilient Risk Consulting | Australia's Premiere Risk Management Advisory and Insurance Cost Reduction Provider

Our services

Other Risk Services

M&A - Insurance Due Diligence

Enterprise Risk Management, Risk Appetite, Tolerance and Retention

Captives and Alternative Risk Transfer Solutions

Governance Risk and Compliance

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.

Insurance Review and Cost Reduction

Explore the services which we can provide through our partner network.

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.

Partner services

Insurance Review and Cost Reduction

M&A - Insurance Due Diligence in Deals and Transactions

Captives and Alternative Risk Transfer Solutions

Enterprise Risk Management, Risk Appetite, Tolerance and Retention

A summary and comparison of the technical components of broker tender responses to assist in assessing provider capability

Tender management services, including the coordination of broker responses to facilitate a competitive procurement environment

Development of an RFP document for your insurance program

Benchmarking of your insurance program (including cost / premiums, coverage, deductible and indemnity level)

A review of your current broker and insurance program

Policy wording review, comparison and benchmarking

Documenting your insurable risk profile and providing a factual comparison against the scope of your current insurance program

Benchmarking of current loss limits and indemnity levels against relevant industry data and tendered proposals

A review of broker performance and areas of improvement

A consolidated summary of proposals from tendered brokers, outlining potential changes to your insurance program for your consideration

Depending on your requirements, our process may include:

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.

/ Our process

/ Key outcomes for our clients

Compares your stated business risks against the coverage defined in your existing policies, highlighting any identified gaps in cover

Provides a detailed comparison of your current policy wordings and coverage against proposals received through the tender process

Compare the latest perspectives and knowledge from top tier brokers of your insurance program

Improved knowledge of broker remuneration practices

Transparent insight into broker performance and confidence in their agency

Our structured review process is designed to identify potential cost-saving opportunities and create a competitive environment

Inadequate visibility of cover suitability, potential exposures and new risks

Uncertainty as to whether you are getting the highest performance from your broker and whether your broker is acting in your best interests

Losing control of insurance costs and unsure whether your premiums are competitive

/ Potential issues facing our clients

Insurance Review and Cost Reduction

Depending on your requirements, our process may include:

Our process will be tailored depending on the particulars of the deal and your specific requirements:

/ Our process

Review sales and purchase agreements (SPA) and transitional service arrangement agreements (TSA) for any insurance related issues

Assess historical, current and pending claims, including exposure assessment.

Identify and document any material risks of the target business for which no corresponding cover is found in the existing insurance program.

Review current insurance costs and identify areas of potential duplication or overlap between the acquirer and target programs.

Review and understand the target business, insurance and risk management program and key risks / exposures.

Assist with insurance management meetings, document review and populating project data rooms (where required)

Review any change of control clauses of impacts to current insurance arrangements as a result of the transaction (e.g. triggering of coverage changes)

Provide a benchmark report comparing potential future insurance program structures against market data.

Assess loss history and impact on future insurance placement.

Review the current insurance purchasing process and broker service delivery against the agreed service-level agreement and industry benchmarks.

Assistance with project planning for the integration or separation of insurance programs post-transaction

Pre and post deal insurance services (e.g. market review, benchmarking, broker performance analysis and RFP)

Vendor / sell side insurance due diligence solutions (e.g. VDD report, Q&S sessions, insurance clauses in the Sale and Purchase Agreement and / or Transitional Services Agreement)

Buy-side due diligence including the identification of red-flag risks and a report on potential operational or structural efficiencies

/ Our insurance due diligence services

Development of post-completion project plans to facilitate an efficient transition, including the coordination of a competitive broker selection process and the handover of key data

Unbiased, transparent and practical analysis that can be used to support the decision-making of the Buyer or Seller

A clear understanding of how the proposed ongoing insurance program aligns with the identified risks of the post-transaction entity

Identification of exposures or retained losses which could impact financial modelling or financial statements of the target

Value creation through identification of potential cost savings initiatives impacting EBITDA

/ Key outcomes for our clients

Unable to establish the full cost of insurance and accepting the buyers view of insurance related EBITDA items

Placing reliance on advice provided by brokers who may have conflicting interests (whether the incumbent broker or hoping to replace the incumbent)

Asset impairment as a result of inadequate terms, limits and types of insurance

/ Potential issues facing our clients

M&A - Insurance Due Diligence in Deals and Transactions

Training and Development Solutions

Health, Safety and Environmental Risk Management and Solutions

Cyber and Digital

Crisis Response

Political Risk and Country Risk

Organisational Resilience

Risk identification and assessment
Business continuity management
Crisis readiness, response and recovery

Organisational Resilience

/ Our process

Facilitating the engagement of an expert reinsurance broker to identify and approach suitable reinsurers on your behalf.

We will project manage the compilation of a feasibility study on your behalf, providing a factual report to support your internal evaluation.

Our tender processes are designed to facilitate the selection of a captive manager that operates independently of any insurance broker.

Claims will be managed by an independent expert third party claims administrator.

Failure to prepare accurate financial and actuarial projections.

Failure to determine the level of risk the captive is willing to take.

Failure to understand all tax implications, including tax deductibility of premiums.

Inappropriate claims management and reserving processes.

Failure to avoid (1) Advisor Risk (the appointment of a captive broker or reinsurance broker who is the agent of the captive’s insurers or reinsurers) and (2) Management Risk (a captive manager who also provides broking and risk management services to the captive).

Failure to undertake a non-conflicted feasibility study.

/ Potential issues facing our clients

Facilitating access to expert reinsurance brokers to source competitive terms for reinsurance cover from the market.

Independent expert captive management

Well-defined strategic objectives.

A detailed feasibility study containing financial and actuarial projections and budgets to inform your organisation's decision-making.

A successful captive setup process which includes:

/ Key outcomes for our clients

Captives and Alternative Risk Transfer Solutions

/ Our process

Benchmarking the financial implications of various risk retention options against industry data to provide a comparative analysis for your review.

For each risk category identified the organisation expresses the level of risk it is willing to take – facilitated by our experts.

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.

Faciliating an actuarial analysis of various risk retention options, including financial modelling of potential outcomes to inform your strategic decisions.

The development of a clear statement of the broad risk categories to which the organisation is exposed.

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,

A clear understanding of the level of risk the organisation is willing to take for each category is developed.

Faciliating an actuarial analysis of various risk retention options, including financial modelling of potential outcomes to inform your strategic decision.

/ Key outcomes for our clients

Management does not know the organisation’s boundaries for risk taking.

The organisation may be over-insured wasting valuable risk capital.

The organisation may be under-insured facing unexpected financial losses.

Difficult to make informed decisions in relation to the achievement of the organisation’s strategies and goals.

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.

/ Potential issues facing our clients

Enterprise Risk Management, Risk Appetite, Tolerance and Retention

Construction professionals in high-viz jackets

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.

Governance, Risk and Compliance

For clients exploring alternative risk strategies, we provide educational information on structures such as captives and mutuals and can facilitate introductions to specialists for feasibility and advisory services.

Discover our services here.

Captives and Alternative Risk Transfer Solutions

We provide a holistic analysis of your organisation's risk profile against your stated risk appetite and tolerance levels, providing data that assists you in formulating your risk retention and transfer strategy.

Enterprise Risk Management, Risk Appetite, Tolerance and Retention

Please contact us should you wish to discuss or require further information on

any of our partner services.

Transactions are critical, high-risk situations and errors can be costly. Our insurance and deal experts conduct thorough due diligence, providing a factual report on the existing insurance programs to identify potential financial exposures and structural inconsistencies relevant to the transaction.

As we are not an insurance broker or insurer, we provide critically needed independent analysis and data to support your due diligence process.