Risk Management and Analysis
What is your efficiency and effectiveness in managing your insurance dollars? What level of confidence do you have in your company's ability to handle 100 lawsuits with your current risk management processes? Are the staffing levels, financial resources, metrics, and internal controls supporting your Risk Management Plan consistent with an acceptable level of risk?
For many organizations, structuring a proper risk management portfolio is a taxing process. Not only do you need to Identify sources of risk, but you also need to evaluate the level of risk you want to assume and arrange coverage for the rest, and you need to ensure compliance to your Risk Management plans. Inadequate resources leave some companies exposed to unmanaged risks that can lead to heavy losses.
For years, both corporations and insurance carriers have depended on Stauber Associates' broad industry background and analytical skills to assess risk levels, develop optimal coverage plans, evaluate risk performance, layout efficient process designs, and in some cases provide operational support. We have the breadth and depth of knowledge to address the entire risk management process - from end to end. We look for operational efficiency gains that save money and improve value while minimizing your exposure to inappropriate levels of loss.
Our assessments can cover your entire risk management process or a very specific portion including:
- Claim processing, reserving, payment and reporting,
- Outstanding claims and resolution planning,
- Risk exposure for such factors as asbestos, toxic chemicals, etc.,
- Catastrophic planning,
- System compatibility and integration planning,
- Vendor management and review,
- Oversight and auditing controls for third-party administrators,
- Internal controls for financial and accounting compliance (Sarbanes-Oxley).
- Broker review and selection (we also assist with insurance placement)
- Contract review –compliance and risk analysis
- Underwriting program review and due diligence
- Insurance coverage review (as liaison to your risk management group)
Contact us for more information on how we can help.
