Insurance Risk Assessment

Action

Insurance Risk Assessment2

Insurance Risk Assessment

Assessment of the probability of occurrence of business risks requiring settlement by the insurer.


IRA3

Integrable and modular services.


Designed for

Reference Business Lines:


  • PROPERTY

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    Insurance Risk Management per Property


    Insurance Risk Assessment for Property

    RISK ASSESSMENT
    • Comprehensive analytical framework of corporate risks.
      Process stages:
      • Analysis of the organisational structure
      • Documental analysis
      • Interviews with the organisation’s contacts and surveys – Survey
      • Risk judgement formulation and risk index assignment – Rating
    REMEDIATION PLAN
    • Preparation of a detailed plan of countermeasures (physical, documentary and organisational) aimed at reducing risk.
    MAXIMUM PROBABLE LOSS
    • Evaluation of scenarios of maximum probable loss (M.P.L.) on individual risk categories.
    • Data used by the company for the selection and definition of Risk appetite on individual risks and Risk capacity.
    SUPPLY CHAIN – CLAIM GAP ANALYSIS
    • Definition of the scheme of possible areas of overlap or insufficient risk transfer of the whole downward chain, depending on the supply chain:
      • Raw materials
      • Production
      • Storage
      • Logistics
      • Commercialization


  • PRODUCT LIABILITY

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    Insurance Risk Management per Product Liability


    Insurance Risk Assessment for Product Liability

    RISK ASSESSMENT
    • Comprehensive analytical framework of corporate risks.
      Process stages:
      • Analysis of the organisational structure
      • Documental analysis
      • Interviews with the organisation’s contacts and surveys – Survey
      • Risk judgement formulation and risk index assignment – Rating
    REMEDIATION PLAN
    • Preparation of a detailed plan of countermeasures (physical, documentary and organisational) aimed at reducing risk.
    MAXIMUM PROBABLE LOSS
    • Evaluation of scenarios of maximum probable loss (M.P.L.) on individual risk categories.
    • Data used by the company for the selection and definition of Risk appetite on individual risks and Risk capacity.
    SUPPLY CHAIN – CLAIM GAP ANALYSIS
    • Definition of the scheme of possible areas of overlap or insufficient risk transfer of the whole downward chain, depending on the supply chain:
      • Raw materials
      • Production
      • Storage
      • Logistics
      • Commercialization


  • CARGO & MARINE

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    Insurance Risk Management per Cargo&Marine


    Insurance Risk Assessment for Cargo & Marine

    RISK ASSESSMENT
    • Comprehensive analytical framework of corporate risks.
      Process stages:
      • Analysis of the organisational structure
      • Documental analysis
      • Interviews with the organisation’s contacts and surveys – Survey
      • Risk judgement formulation and risk index assignment – Rating
    REMEDIATION PLAN
    • Preparation of a detailed plan of countermeasures (physical, documentary and organisational) aimed at reducing risk.
    MAXIMUM PROBABLE LOSS
    • Evaluation of scenarios of maximum probable loss (M.P.L.) on individual risk categories.
    • Data used by the company for the selection and definition of Risk appetite on individual risks and Risk capacity.
    SUPPLY CHAIN – CLAIM GAP ANALYSIS
    • Definition of the scheme of possible areas of overlap or insufficient risk transfer of the whole downward chain, depending on the supply chain:
      • Raw materials
      • Production
      • Storage
      • Logistics
      • Commercialization

IRA4

The Insurance Risk Assessment Service

Risk management work generally involves the application of mathematical and statistical models to determine the appropriate premium coverage and the value of the insurance risk to “hold” against “distribute”.

The Insurance Risk Assessment is preparatory to the drafting of the Remediation Plan, MPL and Claim Gap Analysis.