risk management
In a complex world, risk abounds. As our world grows more complex, so does risk. As our risk grows, so does an organization’s obligation to effectively manage it. Threats to businesses develop rapidly and are increasingly material in a quickly evolving global marketplace. Risk management challenges can quickly overwhelm individuals and departments. Unless well-managed, organizations often face unpleasant financial consequences.
Risk International’s grasp of risk and risk-related issues is extensive and proven. Our clients are organizations both large and small, in many different industries and many different countries. They call upon us to handle a multitude of risk-related issues, from optimizing traditional insurance policy renewals and vendor selections to addressing uniquely complex risk-related challenges. We do risk management: comprehensively and exceptionally.
At Risk International, we always begin with understanding our clients. Until a client’s business, industry, and culture are completely understood, nothing sustainable can be accomplished. Step one of any engagement is to listen and learn about the goals, products, people, resource constraints, and risk tolerance of our clients.
Combining understanding with expertise produces customized solutions that are embraced by the organization. We offer a complete menu of strategic and tactical risk management services that are uniquely customized to each client’s needs. Such solutions allow our clients to pursue their normal business objectives with greater confidence and flexibility.
- Total cost of risk optimization (TCOR)
- Insurance company and brokerage / vendor benchmarking and selection
- Risk related surveys, audits, and contract reviews
- Loss exposures root cause analysis
- Analysis of risk transfer gaps and adequacy of limits
- Insurance company and brokerage evaluation and selection
- Turnkey risk management department outsourcing
- Merger and acquisition due diligence
- Design and implementation of alternative risk financing programs
- Preparation of coverage specifications
- Management of insurance submissions, placement, and renewals
- Evaluation and design of “captive” insurance programs
- Evaluation, design, and management of self-insurance funds
- Enterprise risk management (ERM)
Risk International is not a broker, doesn’t accept commissions, and is not paid based on the amount of insurance placed. As an independent consulting firm, we offer fee-based risk services exclusively. Our passion for, and dedication to, the practice of risk management drives us to deliver what our clients need, unencumbered by competing interests.
Our approach applies world class expertise to both the simple and the complex risk management challenges that often frustrate and overwhelm organizations. It delivers exactly what a client needs, when they need it. As a result, our clients remain focused on their business, meet their objectives, and capitalize on their strengths.