Not For Profit

International not-for-profit aid and development organisation secures a 20% reduction in annual insurance costs coupled with numerous improvements in cover.

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Background

The Lion Partnership was engaged by the Australian branch of a global not for profit, independent, community-based aid and development organisation. We were asked to help implement a 'master' insurance program that catered for their international affiliates. Many of which were located in "high risk zones" that were notorious for various territorial and people risk exposures. These ranged from political and natural disasters to staff and active volunteers being vulnerable to multiple perils requiring medical, security and/or emergency assistance.

Approach

The Lion Partnership’s role was to work with the client to design and implement effective insurance strategies to deliver a more unified, global program for the group. We also ensured each affiliate was compliant with the relevant legislation and regulatory requirements in the country in which they operated from.

To deliver the desired outcomes, The Lion Partnership worked with the client to execute a bespoke, comprehensive tender process involving only suitably placed and experienced insurance brokers who had the capacity and global resources necessary to meet the client's requirements both locally and overseas.

Solution

The tender enabled them to leverage their 'economies of scale' to obtain several general program improvements and achieve annual insurance cost savings above twenty 20%. The client realised various process efficiencies and eliminated unnecessary costs by rationalising the number of policies purchased by their overseas affiliates.

The client could also consolidate coverage in several critical areas for many of their global affiliates under their local 'master' program and their overseas offices with automatic coverage and costs benefits afforded under the locally admitted policies controlled out of Australia.

Testimonial

“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

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