Insurance broking: placement, administration & management of insurance

Administration and management of an Insurance Program is driven by two main ingredients: the expertise of the people involved, and the technology available to them.

Information needs to be collected and organised in a manner that best utilises the time and expertise of these skilled professionals and improves the delivery of the service to the client.

At InterRISK we employ only experienced and highly qualified professionals who are equipped with state-of-the-art information technology to efficiently provide quality, value-driven services to our clients on a timely basis.

Our Account Management team utilises their risk management and insurance broking expertise and their relationships with local and international insurers to achieve the best outcomes for clients.

Communicating with our clients and understanding their business is integral to InterRISK’s approach to client service. Meetings are held at pre-determined intervals during the year so that we are constantly updated on our clients’ business activities, and we can ensure they are up to date with changes and trends in the insurance market which may affect them. We believe Insurance Programs should be as dynamic as our clients’ businesses and evolve accordingly.

Value added services

Apart from traditional risk transfer InterRISK can assist you with risk retention analysis, conducting actuarial analysis if appropriate, enabling you to take advantage of possible efficiencies that may be available by retaining more risk. We can then design a structure around the retained risk to ensure it is appropriately managed. If appropriate we can evaluate the feasibility of establishing a captive insurer.

The most time consuming and error prone activity in the insurance renewal process is the collection of data and converting it to a useable format for presentation to insurance underwriters in order to obtain quotations and commence negotiation.

InterRISK’s data collection system provides a solution to this time consuming process using a web-based software system that handles the renewal process from the collection of data through to providing a secure access to insurers. Insurers will be provided with password entry to the web-site providing limited access to information depending on each insurer’s requirements.

In the event of a serious property, business interruption or liability claim InterRISK can provide claims advisory services to ensure that your insurers and broker manage the process appropriately.

To ensure that InterRISK’s Service Standards are always maintained and that there is accountability for these standards, we aim to provide a Service Standard Time-Line detailing the timing of services and when they will be delivered.