Insurance Broker Procurement Services
Good governance requires that you have a system in place to monitor the effectiveness of outsourced activities. In this context, how do you measure the performance of your insurance broker and what process was used for the appointment?
idRisk has developed a comprehensive range of services that demonstrate objectivity and good stewardship. They are designed to put you in control of your insurance broker relationship and ensure that your broker is working efficiently and effectively towards your objectives.
Some key questions are:
- Is the income your broker earns transparent and on a par with the market?
- Are there effective processes in place to review or refresh the relationship?
- Is your broker performing effectively against agreed performance indicators?
- Is there a clear and fair Service Level Agreement in place?
idRisk has created a series of solutions which are designed to identify any areas which need improvement and if necessary undertake a competitive review. Our services have been used by a wide range of businesses (both large and small) and in each case significant benefits have been achieved by our clients.
Ten Areas of Broker Service (PDF, 52 KB)
The Broker Perfomance Assessment Team includes Ken Hall, Stephen Mooney, David Anderson and David Davies