TCOR Review Saves Polymers & Plastics Company $7.7 Million
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RESULTS

TCOR Review Saves Polymers & Plastics Company $7.7 Mil

Services Provided
Risk Management

Industry
Plastics

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A publicly traded plastics and polymers company, valued at $4 billion, was looking to reduce overall premium costs.

With unchecked TCOR, the company’s overhead costs were rising year after year, resulting in them contacting Risk International.

The Stats

4,200 Employees

12 Months
Speed of Capture

$77+ Mil
Shareholder Value Creation

Engagement

  • • Risk International was retained as the outsourced risk management department
  • • A benchmark of TCOR as compared to the company’s peer group was conducted
  • • Managed broker selection, program design, and program placement for the company itself
  • • Created competitive tension and implemented best practices to optimize results

Premiums Lowered By $7.7 Million

  • 54% TCOR Reduction
  • Sustained Results for Decades
  • Achieved Top Quartile TCOR Relative to Peer Group

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