Insurance Programme Management

The insurance market is in a state of almost continual change, with Brokers buying other Brokers to gain market share, Insurers buying Brokers to control their distribution network and Brokers setting up networks to try and franchise their brand.

With all this change, many companies and organisations are experiencing a reduction in the quality of service they are getting from the insurance market as a whole, either from their Broker or indeed from their Insurer.

The main areas of concern are, fluctuating cost of insurance, service levels from Brokers, efficacy of Brokers fees or fee levels and contract certainty of the Insurance contracts. Most experts consider it likely that the period of low insurance premiums is now at an end and that there will be a slow and steady increase over the next 24 months.

IdRisk, with its partner O’Connors LLP are well placed to help Companies and Organisations with all of the above issues by using its team of experience and expert insurance professionals to provide truly independent advice.
Our solutions include:

Broker Performance Reviews
Design of Risk Finance programmes
Development and Use of Captives
Reviews of Insurance Contracts to establish certainty
Establishing retention levels
Reviews of Trading Contract conditions to match Insurance obligations
Insurance Due Diligence

For independent advice and assistance in creating solutions for individual areas of concern such as these or to audit existing arrangements, Contact Insurance Programme Management team.