Example #1 - Underinsurance should be identified before the loss happens

One of the TOP100 companies decided to centralize their insurance management. They used 3 brokers had 8 different insurance contracts and the cost? of them was altogether between 0,5 and 1 million EUR.

They did not have deep understanding of their insurable risks and also did not have so much information concerning the type of risks and to what extent were these risks covered.

After we provided them their iRiskProfile where 10 totally uncovered and 9 underinsured catastrophe risks were pointed out they did not argue against any of our statements. Moreover they asked us to elaborate better coverage for them.

We managed to set up a much better insurance portfolio for them for almost the same price as the previous one with the huge gaps.

Further examples