Our Approach
Develop your strategy
- Reassess the basis of insurance cover purchased
- Ensure that what you buy is relevant
- Rationalise the risks covered and basis of coverage
- Analyse trade-off between risk transfer and retention
Understanding your risk
- Review property loss and business interruption standards
- Audit of claims experience to establish trends
- Review of Health and Safety procedures and policies
- Establishing broking angles
Preliminary marketing
- Identify all potential markets
- Investigate the capabilities of the individual underwriters
- Court the key market players likely to provide competition for your risk
- Generate additional competition
Formal market approach
- Develop competition
- Focus insurers on price and coverage
Programme structure
- Create the most appropriate programme structure for your risk
- Match your requirements to insurers best placed to fulfil your needs
- Meeting with underwriters face-to-face to finalize terms
Complete the placement
- Delivery of terms within agreed timeframes leading to completion of placement