Outsourced Risk Management Administration

Insurance risk program administration involves out-sourcing operations that would otherwise be administered through an internal risk management resource. Although each service is tailored to meet client needs, services may include:

Continuous Risk Assessment and Management

• Risk Exposure Evaluations
• Facility Inspections
• Assessing Impact of Operational Changes
• Monitoring Insurance Market Trends

• Review of Insurance Policies
• Coverage and Premium Benchmarking
• Recommendations for Coverage Enhancements
• Managing Insurance Program Renewals
• Monitoring Claim Reporting and Management
• Developing and Monitoring Safety Programs
• Providing Management Reporting
• Lender and Investor Interface
• Review of Contract Insurance Terms
• Vender Compliance
• Managing Insurance Brokerage Services
• Insurer and Re-Insurer Interface
• Insurance Premium Allocations
• Risk Information Systems (RMIS) Administration