RISK SURVEYS
Many insurers seek accurate and current technical information in order to support their underwriting process.
We have experience of undertaking on-site surveys across a wide range of industries to collect the information needed to assess potential financial exposure from property damage and business interruption (BI) risks.
The output is a technical report which typically includes:
A description of the site operations.
An analysis of loss prevention and loss mitigation features.
An assessment of how the Insured’s risks can be rated against similar risks on an international basis.
Recommendations that provide the opportunity for risk improvement.
Estimation of property damage, based on loss scenarios.
A BI review provides valuable insights to underwriters regarding the potential financial impact following a major insured event such as fire, explosion or natural catastrophe.
During BI reviews we will meet with key personnel from the Insured to discuss loss scenarios and quantify these using financial data. Scenarios considered may also include loss of supplier or customer and other issues depending on the policy in place.
RISK IMPROVEMENT PROGRAMMES
To support the Insured in implementing recommendations for risk improvement we can undertake extended assignments to develop and implement risk improvement programmes on your site. Such programmes help to manage and reduce operational risks in a sustained and systematic way.