Common reasons clients don’t want to ask for help…

We already have an external insurance/risk advisor/broker – Great up to a point, but do they have the following:

  • senior insurance actuary, qualified for more than 25 years
  • independent from all brokers and insurers
  • no commission (or other benefits) received from insurers or brokers
  • vendor neutral solutions (no pre-defined panels of insurers; the right insurer will be chosen at the right time)
  • track record of successful risk & insurance transformational change (i.e. 80%+ premium savings, Safely and Strategically).

We already have an insurance broker..We don’t want to change them

  • Insurance Brokers sell insurance solutions; InsuranceInspect Services takes a higher-level, solution-neutral, holistic balance sheet approach to find the best way to finance your risk
  • In many client cases, the commission (brokerage) received by brokers for selling these insurance solutions is not clearly stated (in £).
  • You may not have to change your broker; our Full Healthcheck review will consider their advice and may (or may not) recommend changes
  • If I recommend an Implementation Plan, this may or may not recommend a new broker tender; your existing brokers of course will be able to re-tender

I have just had a similar review from our insurance broker..which looked comprehensive to me

  • InsuranceInspect Services takes a higher-level, solution-neutral, holistic balance sheet approach to find the best way to finance your risk
  • In most (if not all) client cases, brokers rarely recommend self-insurance of any risk at all
  • The best way for You may be on balance sheet (self-insurance)
  • The topics we cover are listed under “How we do it”

I’m in a highly specialist insurance market/industry (eg marine, aviation, PI, cyber)

  • InsuranceInspect Services takes a higher-level, cross-class, holistic balance sheet approach to find the best way to finance your risk
  • In many cases, specialist risks are not material to your overall balance sheet
  • Thus, in many client cases, specialist policies are not cost effective, especially for large balance sheets
  • Non-insurance (IPT-free) solutions can be designed, acceptable to third parties as security

I’ve just renewed our policies, can you still help?

  • Yes, this is the perfect time to start a review for next year’s renewal
  • A Full Implementation Plan can take 9-12 months, depending on your current state, perfect timing for your next renewal

I already have insurers whom I am happy with ..I don’t want to change them

  • You may not have to; our Full Healthcheck review will consider your existing insurers and policies and may (or may not) recommend changes
  • If I recommend a Full Implementation Plan, this may or may not recommend a new insurer tender; if so your existing insurers of course will be able to re-tender

I have an LTA (long-term agreement), which does not come up for renewal soon

  • This is a very common situation in the public sector
  • If I recommend an Implementation Plan, this will take account of your LTA dates
  • In rare circumstances (unfair contract terms), I have recommended breaching or re-negotiating LTAs, but this is rare.

“Ask John to perform his version of search and destroy on your premiums”

“Ask John to perform his version of search and destroy on your premiums”