Insurance Risk Management Services:
Insurance risk management being another element of our specialized services, we offer a variety of risk inspection services for insurers (usually termed as insurance pre-risk surveys).
With over 35 years of working experience, we carry out specialized Insurance Risk Surveys & Insurance Risk-Management Services for insurers, focusing on large industrial projects, aims to identify, evaluate potential of physical hazards and find solutions to reduce these hazards present with in the various sections of any work-place.
Our comprehensive risk inspection reports enable insurers to accurately assess loss exposures, determine premium ratings and underwrite industrial risks effectively. In general, our risk inspection reports assist insurers in prudent underwriting of large industrial projects.
Our Insurance risk-management services involves:-
Comprehensive risk inspections to;
1) Detect & diagnose loss exposures & inherent hazards.
2) Analyze frequency & severity of loss exposures.
3) Develop possible solutions to reduce & minimize loss exposures.
4) Design insurance risk management program based on above solutions.
5) Implement insurance risk management program.
6) Monitor results for at least 12 months to ensure successful implementation.
Our comprehensive inspection reports illustrate:
- Corporate profile & project’s history.
- Infra structure details elucidate buildings & covered areas etc.
- Occupational details.
- Details of plant & machinery installed in the project.
- Detailed insight into all production processes & capacity.
- Storage practices of raw materials & finished goods.
- Comment on distribution of risk.
- Comment on inherent process hazards & premium rating.
- Prepare risks & perils analysis.
- Suggest ‘possible division of risk’ by using our risk rating matrix.
- Report & comment on available fire-fighting arrangements.
- Report & comment on over all safety arrangements.
- Comment on ‘EML’ & Top Locations.
- Identify insurance coverage gaps.
- Suggest solutions to minimize insurance coverage gaps.
- Finally, we suggest insurance risk-management solutions by employing variety of risk-management techniques.
Risk-management solutions are actionable risk improvement measures aim to;
- Increase work place safety, reduce & prevent accidents & damage.
- Reduce & minimize scale of damage in an event of loss.
- Insurance risk-management solutions also tend to reduce insurance premium.
We have performed numerous risk inspections for top insurers over the past '20' years, in all segments of industry. For instance;
Textiles mills (spinning & weaving), Garments factories,
Edible Oil Mills & Oil Extraction Plants. Sugar Mills.
Chemical Factories, Soap Factories,
Paper & Board Mills, Iron & Steel Mills etc.
Some exhibits of our previous work are available in our company's google profile.
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