GENERAL INSURANCE REVIEW AND RELATED SERVICES
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For many forms
of risk management or general insurance assignments, I will tailor the
service to meet your needs. I can either be kept on retainer in a
continuous consulting capacity or can perform a specific assignment in any
of the areas listed below, depending on your requirements: (Refer to TCIM Library for more information on some of
the areas I deal in - Most areas other than life insurance).
Some of the types of service offered are:
- General insurance and risk management
reviews.
- Review of insurance policies to determine their effectiveness
and to identify shortfalls.
- Wording comparisons and commentaries. Creation of manuscripts.
Interpretation of insurance policies.
- Analysis of business contracts for assumption or transfer of
risk.
- Alternative Risk
Financing and Captives.
- Reciprocal
Insurance Exchanges - (Canada - except Quebec)
- Tender / RFP Process. Where appropriate, a competitive bid
process can be done. This will normally follow the general
insurance review. Sometimes arranging for conceptual proposals from competing brokers is appropriate.
- Claims Opinions and Arbitration.
- International -
insurance needs and risk analysis.
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ALTERNATIVE RISK
FINANCING TECHNIQUES
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Analysis of risks to determine appropriate levels at which losses should
either be retained or transferred to other risk financing vehicles.
Formation of captives and continuing services.
RISK FINANCING
TECHNIQUES. Some of the alternative risk financing
techniques to traditional Insurance at a guaranteed cost, for which assistance can be provided are as follows:
- Fund from Cash-Flow (Self Insure / Large Deductible or Self Insured Retention)
- Wholly Owned Captive, Rent-a-Captive, Protected Cell Company, Association Captive, Agent Owned Captive
- Reciprocal Insurance Exchange (Canada - except Quebec)
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