Background: Large national retailer with asset values in  excess of $2.5 billion and annual revenue figures of almost $2.7 billion.

Needs:

1. Looking to test the long standing relationship with their incumbent broker spanning more than 8 years.
2. Review the effectiveness of their existing insurance and risk management programs.
3. Prevent wasted risk capital and reduce costs.

Solutions:

1. Complete program review and risk audit.
2. Technical policy wording review on their major classes of insurance.
3. Implementation of a competitive RFP tender process for the provision of insurance broking and risk management services involving a diverse panel of brokers.


Savings: $920,000 - 30% Savings on insurance premiums.

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Background: National Construction and Property  Development Company with annual revenues in excess of $250m.

Needs: Required a comprehensive review of their entire program, ranging from insurer policy wordings and insurable risk exposures through to broker service levels and insurance pricing, none of which had not been tested for several years.

Solutions:

1. Complete program review and risk audit.
2. Competitive RFP tender process for the provision of insurance and risk management services.
3. Insurable risk profiling and gap analysis studies.


Savings: AUS $179,000 – 23% of Annual spend.

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Background: Integrated provider of import and export logistics services with more than $1.1 billion in asset values.

Needs:

1. Test long-standing relationship with incumbent broker.
2. Eager to investigate the adequacy and cost effectiveness of their existing risk management and insurance programs.
3. Looking to save money on an annual premium spend exceeding $5.3 million.

Solutions:
1. Technical policy wording review on their major policy wordings.
2. Complete program review and risk audit.
3. Comprehensive RFP tender process for the provision of insurance broking and risk management services.


Savings: $1.9m- 36% Savings on insurance premiums.

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Victorian Regional Water Authorities

Background:
Thirteen (13) Victorian Regional Water Authorities with a combined annual insurance expenditure exceeding AU$10M required the services and support of an independent risk and insurance advisor to guide them through a tender process for the provision of insurance broking and risk management services.

Solutions:
Thirteen (13) Victorian Regional Water Authorities with a combined annual insurance expenditure exceeding AU$10M required the services and support of an independent risk and insurance advisor to guide them through a tender process for the provision of insurance broking and risk management services.

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A Regional Airport Corporation saved $375,000 on annual insurance premiums while significantly improving coverages.

Background: Regional Airport.

Needs: Required an independent, comprehensive review of the current commercial insurance and workers compensation program costs.

Solutions: Recommendations included a fixed broker fee in lieu of commissions to guarantee broker advocacy and program structure/coverage improvements.

Savings: $375,000 - 12.5% savings on annual insurance premiums of approximately $3,000,000.

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Commercial Construction and Property Development Company achieves significant policy wording and coverage improvements coupled with a 23% premium saving.

Background: National Construction and Property Development Company with annual revenues in excess of $250m.

Needs: Required a review of the insurer policy wordings, insurable risk exposures and insurance pricing which had not been addressed for several years.

Solutions: The review resulted in significant coverage improvements and substantial premium savings. Their insurable risks were clearly identified and are now better managed by their preferred broker.

Savings: AUS $179,000 – 23% of annual spend.

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A Manufacturing Company saves $160,000 in annual insurance premiums- with improved coverages and retained the same broker and insurer.

Background: Manufacturing Company, Texas USA.

Needs: Required a review of property, casualty and workers compensation insurance. Annual premium spend $710,000.

Solutions:The incumbent broker is now the Company´s advocate resulting in significant coverage improvements and substantial cost reduction.Their insurable risks were identified and are now better managed.

Savings: $160,000 - 22.5% annual savings.

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An Information Technology Company saves $384,000 on annual insurance premiums, with significant program enhancements.

Background: Publicly listed Global Information Technology Company.

Needs: Required a review of global liability and information technology professional liability insurance coverage. There was significant gaps and inadequate levels in coverage, also overlapping coverages incurring unnecessary costs. They wanted to save money on an annual premium spend $800,000.

Solutions: New broker with expertise in industry was appointed and significant coverage improvements were made. Their insurable program well managed and cost effective

Savings: $384,000 - 48% savings on insurance premiums.

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An International Human Resource Company saves $310,000 on annual insurance premiums, improves coverages and uncovers excessive, undisclosed commission payments.

Background: International Workforce Management Services Company.

Needs: Required a review of personal accident, professional and general liability insurance coverage. There was concern for broker advocacy and gaps in coverages. Needed to reduce costs from $1 million.

Solutions:The preferred broker is now the company´s advocate resulting in significant coverage improvements and substantial cost reduction. Their insurable risks were identified and are now better managed.

Savings: 30% savings on insurance premiums of approximately $1 million.

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A Global Oil and Gas Exploration Company secures superior levels of coverage and boasts premium savings in excess of $1 million.

Background: Global Oil & Gas Exploration Company.

Needs: Required a review of risk management and cost of their insurance program. Significant gaps in coverages, annual premium spend in excess of $3 million.

Solutions: One Global Broker appointed, eliminated duplicate coverages, consolidated policies and dramatic cost savings on premium spend.

Savings: $1 million - 32% annual savings.

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A Food Processing Company saves $106,950 in annual insurance costs.

Background: Food Processing Company, Missouri USA.

Needs: Required a review of property, casualty and workers compensation insurance. Significant gaps in coverages, annual premium spend $549,000.

Solutions:The incumbent broker was retained and improved coverages, closed all gaps in coverage, eliminated duplications and reduced premium spend.

Savings: $106,000 - 19.5% annual savings.

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National Retail Chain achieves premium savings in excess of 20% while securing increased levels of coverage.

Background: National Retail (building supplies) Chain.

Needs: Incumbent broker retained for over a decade and as a consequence they required a review of national property, motor and liability insurance coverage. There was significant gaps and unnecessary costs. They wanted to save money on premiums, Annual Premium spend $800,000.

Solutions: Significantly reduced risk and management expenditure, while delivering effective coverage enhancements across all of the major policies.

Savings: $200,000 - 23% savings on insurance premiums.

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