TCOR Evaluation Saves Diversified Manufacturing Company $2.4 Million
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RESULTS

TCOR Evaluation Saves Diversified Manufacturing Company $2.4 Million

Services Provided
Risk Management

Industry
Diversified Manufacturing

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A privately held diversified manufacturing company wanted to lower its premiums with a new risk program.

With having a TCOR higher than its peers, the company hired Risk International to help reshape its internal risk and insurance programs.

The Stats

3,500 Employees

12 Months
Speed of Capture

$24+ Mil
Shareholder Value Creation

Engagement

  • • Engaged to evaluate risk and insurance programs
  • • Managed broker selection, program design, program placement
  • • Benchmarked Total Cost of Risk (TCOR) to peer group
  • • Created competitive tension and implemented best practices to optimize results

Premiums Lowered By $2.4 Million

  • 50% TCOR Reduction
  • TCOR 30% below peer group
  • Retained as the permanent outsourced risk management department

Explore More Results

Data Cleanup Saves $1 Million Annually

Updating Property Values Reduces Insurance Premiums

Streamlined Renewal Process Saves $7 Million