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Insurance Risk Management As you know insurance risk-management is a discipline to deal with uncertainty. Risk management being another element of our services, aims to identify, evaluate and, finally reduce the potential of physical hazards present in the various sections of any business work-place. OUR RISK-MANAGEMENT INVOLVES:- COMPREHENSIVE RISK INSPECTION. RISK IDENTIFICATION. RISK & HAZARD ANALYSIS. SAFETY & LOSS PREVENTION WITH RISK MANAGEMENT PROGRAM. INSURANCE POLICY REVIEWS & CLAIMS MANAGEMENT.
LOSS EXPOSURE ANALYSIS. Our loss exposure analysis involves measuring the financial impact of any potential loss to the organization. Hence, our analysis gives an organization the ability to assign priority to control significant loss exposures. In this analysis, we:   1) Measure/Estimate frequency of Loss. 2) Measure/Estimate the severity of Loss. 3) Evaluate the financial impact of the Loss. 4) Evaluate MPL & Identify Top—Location.   We realize that it is financially import to an organization that a successful Risk Management Program meet and maintain the following criteria: EFFICIENT. COST EFFECTIVE. FLEXIBLE.
Comprehend your insurance program. Learn about your ‘fire’, ‘cargo’ & ‘motor’ insurance policies coverage/exclusions & deductibles. Understand about your insurance policies coverage details, its protection & limitations, exclusions, deductibles & insurance coverage gaps etc. In our insurance risk management services (IRMS) we study complete insurance program (all insurance policies) to offer professional analysis with respect to; Insurance policy coverage, scope of cover, conditions, exclusions & deductibles. Insurance rating analysis & possibilities of improvement in premium rates. Identifies insurance coverage gaps & offer solutions to minimize coverage gaps. Our ‘insurance risk management solutions’ have benefited many of our clients in improving insurance program by reducing coverage gaps as well as minimizing annual insurance premium costs. Some exhibits of our previous work are available in pictures gallery of our company's profile.    Insurance premium rating analysis (Risk/Rating analysis): We study complete insurance program to analyze; Description of risk, scope of cover & its corresponding insurance premium rates. We suggest possible improvements with respect to ‘Premium rates’ & ‘Policy coverage’. Insurance coverage gap in property insurance (fire & allied perils insurance) may be defined as the difference between the amount of loss and the amount of its corresponding insurance claim paid by insurance company (amount of loss versus its corresponding insurance claim amount), it may occur due to several reasons. We identify ‘coverage gaps’ and prepare detailed analysis with solutions to minimize or remove coverage gaps. Remarks: Our IRMS suggest; Solutions to improve insurance coverage. Solutions to negotiate & reduce insurance premium rates. Solutions to minimize coverage gaps.