Approach & Servicesadmin
- Assign experienced and specialized team to review and analyze risk profile.
- Assist to identify and determine the exact nature and scope of risk.
- Advise on the allocation of risks identified, availability and likely costs of insurance.
- Advice on contractual risk transfer in relation to insurability of risks.
- Assist in insurance negotiation with third parties, if required.
- Review any existing insurance programs and recommend modifications/enhancements, where necessary.
- Prepare insurance proposals.
- Assist in drafting of insurance clauses in relevant contracts, agreements and information memorandums.
- Meet and discuss with clients on insurance proposals.
- Design and formulate a customized insurance package, including tailor made policy wordings.
- Obtain appropriate competitively priced insurance coverage locally, and if required, internationally.
- Review existing insurance program periodically.
- Provide insurance market updates as well as work closely with the client’s growth plans.
- Provide an immediate and personalized attention to the client.
- Design of claims notification and settlement procedures.
- Prepare insurance summaries and insurance claims manual.
- Administer and handle all claims processing.
- Liaise with adjusters on claims reports.
- Arrangement of visits by leading insurers and reinsurers.
- Provide training for in-house personnel on insurance matters.
- Arrange for professional’s risks management teams on Loss Control other specific risk management.
- Among the loss control and risk management services are as follows:
1) Property Protection
2) Business Interruption/Operational Continuity
3) Occupational Health & Safety
4) Product Liability