For many organisations, knowing how their insurance programs perform in comparison to their peers can often be of great value, as it effectively shows you where you are and helps you decide where you want or need to go.
The objective of our Benchmarking Studies is to demonstrate how your existing program sits in comparison to other organisations of comparable size with similar business activities and subsequent insurance needs.
The process focuses on the key components of your insurance program in terms of coverage and pricing and benchmarks them against similar businesses to allow you to fully evaluate and measure the performance of your own insurance program.
This then enables you to better understand the adequacy of your program and make more informed decisions regarding your insurance and risk financing methods.