Spring Harbor’s Objectives We need to discuss and rank in order of importance the following topics: Predictability of cost Minimize earnings volatility Maximize cash flow advantages Minimize collateral Tax acceleration Carrier relationships Control of claims handling
Loss Forecasting & Analysis
An accurate prediction of future losses is the foundation upon which most risk management activities are built. Activities such as cost allocations, loss cost reduction efforts, and benchmarking projects all depend on loss information as a starting point.
Reserve Analysis Loss Development Collateral Analysis Alternative Risk Markets Financial Reviews
Exposure Analysis A survey can uncover loss exposures, including those traditionally considered non- insurable. The account management team and the appropriate individuals at Spring Harbor will work together to catalogue exposures, risk control practices and strategies toward handling risk. Our entire team will work with you to suggest, evaluate, and select effective risk control and risk financing techniques.
Retention Analysis
We will employ a variety of methods that assist you in assessing risk-bearing capacity, both for individual lines of coverage and in the aggregate. Loss costs (both insured and uninsured), insurance costs, financial benchmarks, and client- specific circumstances and appetites are key factors our model contemplates.
Page 5
Made with FlippingBook - professional solution for displaying marketing and sales documents online