- Identify all major risk - internal & external risks
- Review existing risk control measures
- Identify any need on risk treatment & improvement
- Develop risk management strategy
- Analyze Unidentified Risks
- Evaluate effectiveness of Current Risk management methods
- Ensuring implementation of risk handling actions as planned
- Periodic review of the risk control measures
- Report on the existing coverage along with the risks and exposures
- Analysis of existing insurance policies with respect to:
- Basic rate of premium & widening of covers if required
- Eligibility of discounts in premium
- Identifying suitable clauses, warranties and conditions
- Selection of the insurance coverage on the basis of risk analysis
- Setting up the guidelines on fixing the Sum Assured
- Providing documentation requirements, procedures for claims under various policies
- Negotiate best coverage at affordable premium .
- Analysis of quotes received from all insurers
- Placement of insurance with optimum coverage at best available price
- Administrating insurance portfolio on regular basis
- Maintaining systematic records and assurance of timely renewal reminders
- Process designed as per service needs in claims handling
- Timely Claim Notification to the concerned insurers
- Coordination & Guidance in Claim documents submission
- Coordination at all stages up to settlement of claim
- Maintenance of claim records
- Generating Claim reports and analysis
