Insurance analysis ensures that your business is safeguarded properly
Insurance analysis is the most integral tool in evaluating the current state of a business’s insurance solutions and in assessing how comprehensive your insurance cover is in terms of risks associated with your business’s operations. When it comes to insurance analysis, investment in quality pays off. An insurance broker details the pros and cons of the insurances being examined during insurance analysis.
Analysis is conducted to ensure the good coverage of your company’s insurances and to assess the insurances’ cost level in relation to their contents and the organisation’s claims statistics. The high quality insurance analysis also looks into whether any insurances may be offered for risks that are currently not insured.
The results of the analysis can be utilised for defining the organisation’s insurance policies, i.e. its underwriting policy, as well as for tendering insurances. Insurance analysis is also a good tool for reporting risk financing organised through insurances to the upper management and in evaluating insurance-related matters as a part of a due diligence