Corporate Risk Management

An industrial or commercial company has special insurance needs that can not be serviced properly without a complete Risk Management survey. Such a study includes the risk evaluation regarding property, business interruption, liability, and personnel perils, as well the cost minimization in processing these perils.

The risk evaluation is achieved with the determination of frequency and intensity (Probable and Estimated Maximum Loss) rates for each major peril. The perils that present high frequency and low intensity are primarily subject to improved protection measures. On the contrary, the perils that present low frequency and high intensity are considered catastrophic and have to be transferred to one or more insurance companies.

A Risk Management study naturally ends up to a complete insurance scheme for all insurable items, so the businessman or his authorized executives have the ability to investigate the markets and secure an efficient risk placement.