RESULTS

Life Sciences Company Saved $2.3 Million in New Risk Management Program

Services Provided
Risk Management

Industry
Pharma/Medical Diagnostics

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After a public company carve-out, a life sciences company wanted to create a new risk management program.

The company hired Risk International to manage the program design and placement with a new broker.

The Stats

2,000 Employees

6 Months
Speed of Capture

$23+ Mil
Shareholder Value Creation

Engagement

  • • Performed initial due diligence
  • • Created new program for Newco from large corporate program
  • • Managed broker selection, program design, program placement
  • • Created competitive tension and implemented best practices to optimize results

Premiums Lowered By $2.3 Million

  • 41% TCOR Reduction
  • Retained as the permanent outsourced risk management department
  • No incremental cost to company for RI services

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