Claims:

Risk Management Consulting

Contact Information

For more information, please contact:

Michael Gardner

George Hansen

Michelle Uddin

In addition to insurance claims support, The Claro Group works with Insurance Risk Managers to reduce their Total Cost of Risk, either through improved efficiencies and effectiveness and/or reduced credit and premium funding for more complicated primary insurance structures.  Our experienced team of industry specialists and financial and technical experts can typically identify areas for cost and risk management improvement.

Our Services Include

  • Risk Management Best Practices Benchmarking – Understanding our clients’ Risk Management strategies and practices, including Enterprise Risk Management, and evaluating those strategies and practices against comparable industry competitors
  • Total Cost of Risk Measurement, including review of loss history and coverage retentions/limits – Working with clients to evaluate retentions and limits for given coverage lines in the context of anticipated frequency and severity of losses
  • Insurance Policy Management and Premium Allocation Processes and Supporting Technology –Managing a customizable insurance-policy-management and premium-allocation tool, created and customized by Claro, that assists clients with collecting policy and premium information, retaining this information in an electronic format for easy recall and analysis, and conducting automated premium allocations to lines of business and/or geographic locations
  • Reviewing Retro-Premium Billings and Exhaustions and auditing for compliance with billing formulas and exhaustions of aggregate retentions that may or may not have been applied, resulting in improper retro-billings to clients
  • Reviewing credit requirements for Worker’s Compensation and other self-funded primary lines of coverage, examining anticipated losses relative to outstanding credit facilities for fronting and/or reinsured captive programs, resulting in reduced credit requirements and in some cases recovery of credit deposits
Contact Information

For more information, please contact:

Michael Gardner

George Hansen

Michelle Uddin