Integrated Risk Management Solutions
Embedding a risk management proposition within an insurance offering can create a tangible and proactive “benefit” to clients, which in most cases can have a value attributed to it. This can include;
- Improved efficiency in risk management administration (time and money)
- Reduced incident/interruption to the business
- Reduced internal IT costs
- Improved productivity
- Greater staff awareness of business risks
- Improved supply chain resilience
- Stronger client relationships
- Improved "competitiveness" in the market place
- Enhanced Claims Defensibility
Properly embedded into the business process (and not just an added value marketing gimmick), a risk management proposition will add extra dimensions to new business acquisition and client retention as well as supporting underwiting ROC.