RISK
MANAGEMENT

To effect meaningful improvements in your program, cost of risk components must be evaluated. We will implement a plan of action to achieve improvements in each of the components that will result in significant total reductions in cost.

Total cost of risk components include:

Evaluation methods include the following:

• Benchmarking-premiums, limits, retention, coverage; individual year over year, peer group, industrywide
• Compensation Methodology
• Loss Allocation Models
• Loss Trending and Analysis
• Premium Allocation Models
• Internal Process Evaluation
• Provider Review