Risk Management

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Risk Management

Competitive organisations are increasingly turning to alternative structures and risk management market options to complement or replace the protection provided by conventional risk transfer and reduce the impact of unpredictable external premium costs.

Chartis has long experience in helping businesses seeking ways to strike the optimal balance between the risks they choose to retain under their own control and those placed with a third-party insurance carrier.

This spectrum of risk management starts with conventional insurance policies, where the organisation doesn’t accept any risk at all, up to captive solutions carrying all the risks and responsibilities of an insurer. In between, sit a range of potential structures, each presenting different degrees of risk, commitment and benefit.

Significantly, non-conventional insurance solutions as you travel along the spectrum require increasing degrees of involvement by businesses in their risk retention mechanisms, greater managerial investment and a longer term commitment for all of the stakeholders involved.

Regardless of the chosen solution and structure adopted, advanced programmes depend for success on excellent delivery of support services such as local policy issuance, claims handling, reinsurance administration, cash flow tracking and statistical reporting. Our risk management team have the skills and Chartis network connections to provide our clients with the maximum benefit from their optimal risk retention programme.

Market

Large clients who require financially structured insurance coverage.

Features & Benefits

  • The solution that best fits a particular client’s need may incorporate a broad range of techniques and vehicles, used either individually or in combination, including:

    • captive insurance companies

    • rent-a-captives

    • alternative risk transfer financing, and

    • self-insured layers.

    When combined with a deep understanding of your business strategy, objectives, and service expectations, these tools may help to deliver an optimum insurance solution. This approach can work across all areas of insurable risk - even in some cases where risks have traditionally been thought of as uninsurable.

Chartis Offerings