Risk and Insurance Management Audit

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The growing complexity of the business environment, competitions, and innovations have created a problem of risk in relation to capital adequacy and employment efficiency. The IRPM Conduct self-insurance and high deductible feasibility studies to facilitate the projection of actuarial estimated losses and recommend self-insured funding amounts. Conduct captive insurer, risk retention group and other alternative risk financing engagements, including:

Feasibility studies, facilitate selection and implementation, monitor the program Assess the impact of maintaining occurrence vs. Claims made insurance coverage, evaluate insured and self-insured program’s cost efficiency and plan design, design programs which meet client objectives, negotiate program structure and cost of renewal insured and self-insured programs, address risk management and insurance due diligence, acquisition and other issues, evaluate and assist in designing risk management information systems, assist in claim settlements, implement continuous consulting services to minimize clients’ exposures and Cost of Risk.