Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?

In 2021, risk team implemented a quantitative risk-based approach to insurance renewals which resulted in reducing the cost of insurance by 60% and improving the quality of coverage across all insurance lines. This approach allowed us to save, or rather pay a fair price for insurance across the globe. Key to success was not to… Continue reading Understanding the risk profile is the most important step in insurance decisions, so why isn’t everyone doing it?

Learn from risk management success stories at #RAW2022

We recently spoke with Alex Sidorenko, who last year FERMA was named the risk manager of the year in Europe and received an honourable mention from RIMS US for the work his team did to save more than $13 million through quantitative risk analysis for insurance. Every year for the last 3 years Alex runs… Continue reading Learn from risk management success stories at #RAW2022

5 red flags 🚩when selecting an insurance broker

Couple of years ago I was given the responsibility for corporate, non-life insurance across a $10B group of companies. I welcomed the opportunity to combine risk-based quantitative decision making with insurance. Did it work? You be the judge, a year later the company improved the quality of coverage while reducing the cost of insurance by… Continue reading 5 red flags 🚩when selecting an insurance broker