Insurance cover review, including self-reinsurance arrangements.

Management wanted an external review to confirm adequacy and efficiency of their overall insurance coverage, and reinsurance arrangements.

Performed complete review of the insurance covers placed by the company’s risk team, including valuation basis, and range of covers to ensure key assets, operations and personnel were addressed, together with product warrantees and other corporate aspects.. This included adaptation of cover, to meet changing business needs and regulatory changes affecting the group

Provided report of recommendations, including the gaps and redundancies in their insurance programme,, This covered all key business components, incl. product, manufacturing, operations, and D&O etc . Lead the process of executing the approved changes, with the company brokers, to further optimise their coverage, incl, changes to retentions via their reinsurance captive.