Management Services - Risk Management

Insurance Brokers are increasingly aware of the benefits of risk management from a commercial perspective. The main benefits of the risk management programme are as follows:-

• the identification and control of potential risk areas, particularly those arising from new areas of practice or liability;
• the implementation of a loss prevention programme and culture which should reduce the number of incidents which may give rise to a claim;
• the ability to obtain advice from the Managers on the liability aspects of a range of day-to-day commercial issues;
• the ability to demonstrate a management culture and the existence of systems and procedures which are the foundation of a successful and well-managed insurance broking company.

The risk management programme is conducted by personnel with experience both in the implementation of sound and prudent management procedures and the particular professional environment in which the Members are operating. It benefits individual Members, and the membership as a whole.