Risk Management: Controlling The Cost of Risk
Protect your organization from potential risks with our risk management services. We provide a unique, tech-enabled integrated risk management framework to facilitate risk awareness and data-driven solutions, resulting in better business outcomes. With us as your strategic partner, you stay ahead of the curve and minimize the impact of potential risks on your business.
With over 35 years of experience in the risk management and insurance industry, we bring a wealth of knowledge to the table. We are not appointed by carriers, nor are we brokers. Our independence allows us to be your strategic partner, simplifying the complex insurance landscape and helping you manage your risk so you can focus on your business.
Whether you need project-specific consulting services to boost your in-house capabilities or full professional services outsourcing, we have the expertise to help you achieve success.
There are many steps involved in effectively managing risk. Whether it is initial risk exposure analysis,
identifying coverage gaps, or updating plans to adapt, Risk International provides a
variety of customized services designed to achieve optimal results.
Risk Management Oversight and Services
Serve as point of contact for all risk management-related needs. Attend client, vendor, and market meetings, manage tactical aspects of internal risk management functions, and create and present reports, manuals, and presentations as needed.
Certificate of Insurance Audit and Tracking
Review current insurance documents to confirm they match your contractual terms and requested certificate language. Oversee the production and distribution of these documents.
Contract Review
Ensure your contract is reviewed for key insurance language.
Data Gathering and Submission Preparation
Collect annual global data on all lines of coverage. Consolidate, scrub, and review market submissions by brokers.
Insurance Renewal Strategy and Oversight
Provide oversight and support throughout the entire renewal process. Manage strategy sessions, underwriting meetings, and coverage negotiations. Maintain communication between all parties.
Property Engineering Program Management and Oversight
Manage visits to properties, track engineering recommendations, and implement recommended safety improvements.
Property Evaluation Project Management
Administer the annual valuation for all properties as well as trending processes for properties and assets.
Safety
Provide safety training for employees on policies, regulations, and procedures. Establish a Behavior Based Safety approach. Advise on safety issues and compliance in specific projects and operations. Inspect and verify company compliance with safety regulations. Analyze incident reports, metrics, and injury case studies to institute changes that lead to a safer environment.
Surety and Bonding Management and Oversight
Administer and design the company’s or a project’s surety, as well as vendor selection, placement, funding, associated collateral, and, if needed, cancellation.
Total Cost of Risk (TCOR) Assessment
Analyze program benchmarks, processes, and vendors.
Vendor Oversight (Broker, Third-party Administrator, etc.)
Communicate and collaborate with insurance brokers, third-party administrators, and other risk management vendors. Establish parameters of agreements, negotiate, and finalize terms of agreements, and manage vendor relationships.
Ancillary Services
- Automobile Fleet Management and Oversight
- Design and Implement Return to Work Program
- Vendor Selection Process (Broker, Third-party Administrator, etc.)
Stand-Alone Services
- Captive Feasibility Study (CFS)
- Data Management (RMIS)
- Due Diligence Assessment and Report
- Enterprise Risk Management (ERM) Implementation and Administration
- Policy Review and Coverage Analysis
- Pre-Acquisition Due Diligence Assessment and Report
- Post-Acquisition Ongoing Support
- Risk Management and Insurance Program Administration and Implementation
- Risk Management and Insurance Program Strategy
- Risk Proficiency Study (RPS)
Who We Serve
Private Equity Firms
C-Suite Executives
Fortune 500
Companies with $100M+ Revenue
Companies with Complex Risk Profiles
Why Risk International
With our in-depth industry knowledge and proven track record for reducing our clients’ TCOR, we know how to find the broadest available coverage at the lowest possible cost.
We are independent from the insurance industry, which means we are your advocate, free from conflict of interest.
As your risk management partner, we provide the time and attention necessary to ensure your risk management plan is aligned with your company’s current operations and ready to support future growth.
To give our clients the best business solutions possible, we are constantly working in the market and uncovering new market intelligence that leads to smarter business solutions for our clients.
Our expertise allows us to identify existing insurance options and determine their fair cost. If a policy does not fit a client’s needs, we fix it.
As a leading provider of risk management services, our Results page shares insightful case studies showcasing the benefits our consulting services bring to diverse industries and clients.
