Benchmarking Studies

Discover how your organisation’s cover compares to your peers and competitors.

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How do organisations know if their insurance strategy is similar or worryingly different to others in their market? They ask a firm who reviews corporate insurance 365 days a year.

Testimonial(s)
“The expert industry knowledge of TLP was the most advantageous during writing the tender, negotiations and evaluation the tender responses. The reports were very well structured and I felt very informed and supported throughout the process.

TLP met and exceeded our expectations. By engaging with TLP it kept the process honest and transparent and ensured we were receiving the most suitable cover at the right price. While cost savings was not the main focus there were considerable savings achieved along with an increase in cover which was a win-win for us."
Mission Australia
Testimonial(s)
“The expert industry knowledge of TLP was the most advantageous during writing the tender, negotiations and evaluation the tender responses. The reports were very well structured and I felt very informed and supported throughout the process.

TLP met and exceeded our expectations. By engaging with TLP it kept the process honest and transparent and ensured we were receiving the most suitable cover at the right price. While cost savings was not the main focus there were considerable savings achieved along with an increase in cover which was a win-win for us."
Mission Australia

Knowing how your insurance measures up against your peers is a powerful piece of corporate intelligence. It allows you to locate yourself within your competitor set, and helps you decide where you want – or need – to go.

Our Benchmarking Studies demonstrate how your existing strategy sits in comparison to other organisations of comparable size with similar business activities and insurance needs.

The process focuses on the two key components of your insurance: coverage and pricing. It then benchmarks them against comparable organisations to allow you to fully evaluate and measure the performance of your own insurance.

A Benchmarking Study allows you to answer:

  • How much are my competitors paying for insurance?
  • What special kinds of cover have been taken up in my industry?
  • What special kinds of cover have been abandoned?
  • How have insurers reacted to new regulations that affect my industry?

The results will help clarify the adequacy of your insurance program, and allow you to make more informed decisions about your coverage and risk financing strategies.

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