Metals and Mining Company Undergoes Property Program Optimization
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1.800.297.1175
RESULTS

Metals and Mining Company Undergoes Property Program Optimization

Services Provided
Risk Management

Industry
Metals and Mining

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Valued at more than $2 billion, the metals and mining company had increasing property driven claims.

With these claims in mind, Risk International engaged in several strategies to keep costs down and savings up.

The Stats

1,900 Employees

12 Months
Speed of Capture

$40+ Mil
Shareholder Value Creation

Engagement

  • • Engaged as interim risk manager
  • • 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 $4 Million of Property Driven Risk

  • 30% TCOR Reduction
  • Enhanced coverage terms and conditions
  • 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