Strategic Insurance Advice
...risk financing is a decision methodology
Developing with our clients a solutions-driven plan of action that is responsive to a client's ever changing risk financing needs, related insurance coverage and organisational philosophy.
Often called "insurance", risk financing is the process by which an organisation manages the sources and uses of funds with which to finance recovery from accidental losses.
Risk financing requires planning and arranging for the sources of funds before such losses occur and then directing and controlling the funds drawn from these sources after losses occur. Too often, corporations are reactive and call for advice only when there is a problem. We believe that ongoing counselling more effectively and efficiently protects an organisation against risk and exposure.
There are five key steps in our approach to the process:-
- Identifying and analysing operational risks and exposures to loss
- Examining alternative risk financing solutions e.g. Captives, PCCs etc.
- Recommending the best solutions for our clients
- Implementing the selected solutons
- Monitoring the results
Whatever your risk financing needs, you will benefit from our expert experience in helping other firms solve similar problems.