Our Service
RISK IDENTIFICATION AND ASSESSMENT
Identify, analyse and evaluate your risk exposures, risk retention or risk transfer. The risk identification and assessment process are a critical part of effectively managing risks or events as part of an organization’s operational risk. Risks are identified, and then classified by risk category. Each risk is then assessed based on its impact, and prioritized in order to direct management focus toward the most important. The process consists of 4 simple steps conducted by AMG: Identify potential risks that could impact the organization and classify each risk into categories.Rate each risk based on impact and likelihood, and provide rationale and understanding of root causes related to each riskPrioritize top-rated risks to ensure the right ones are managed going forward.Develop specific action plans to address the risks. AMG help you to determining what type and amount of risk management insurance is needed for your business involves identifying business assets and operations; identifying threats or events that could affect the company; mitigating those risks as much as possible; and finally, determining the percentage of likelihood that an event will occur. That percentage of likelihood is the amount used to establish how much...
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RISK IDENTIFICATION AND ASSESSMENT
Identify, analyse and evaluate your risk exposures, risk retention or risk transfer.
The risk identification and assessment process are a critical part of effectively managing risks or events as part of an organization’s operational risk. Risks are identified, and then classified by risk category. Each risk is then assessed based on its impact, and prioritized in order to direct management focus toward the most important.
The process consists of 4 simple steps conducted by AMG:
- Identify potential risks that could impact the organization and classify each risk into categories.
- Rate each risk based on impact and likelihood, and provide rationale and understanding of root causes related to each risk
- Prioritize top-rated risks to ensure the right ones are managed going forward.
- Develop specific action plans to address the risks.
AMG help you to determining what type and amount of risk management insurance is needed for your business involves identifying business assets and operations; identifying threats or events that could affect the company; mitigating those risks as much as possible; and finally, determining the percentage of likelihood that an event will occur. That percentage of likelihood is the amount used to establish how much risk management insurance your business needs and what, if any, additional coverage options should be explored.
When we evaluating you in preparation for purchasing risk management insurance, we identify the causes of loss that may affect your business. These causes of loss may include any or all of the following: the cost to settle claims or judgments of liability, basically any financial risks; risks to the operation of the business, such as labor strikes; natural disasters, weather and political changes, classified as perimeter risks; and strategic risks, such as changes in management or the loss of professional reputation.
In addition, AMG use the cost of risk to guide the formulation and evaluation of a risk management strategy. This cost includes any retained losses, such as deductibles or exclusions; the cost for loss control activities; claim management expenses; net insurance proceeds; and the administrative costs of maintaining the risk management program itself.
AMG can help to assess and document a company’s “risk profile” and determine whether the current insurance and risk management program provides adequate and cost-effective protection.
INSURANCE PROGRAM DESIGN
Develop and design your risk management and insurance program. Far too often insurance is placed by clients without understanding their risk profile, appetite and tolerance capability. At AMG, we take time to design and implement the most appropriate optimum risk financing solution for our clients. We recognize the procurement of insurance is essential for many companies, but it is important to ensure insurance delivers value for money and does not unnecessarily erode working capital if not required. Once the Risk Identification and Assessment is carried out, it serves as a guide to structuring the insurance program according to your real needs; this structure is incorporated into the policies to be issued. This phase is key since it is a question of synchronizing the risks you face with the coverages, extensions and clauses offered in the market. The experience of AMG team assigned to carry out this task is of vital importance. We structure in a professional manner the products that best fit the individual needs of each client. We have specialized areas that allow us to be analyzed and evaluate the hazards that could be covered under the various policies...
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INSURANCE PROGRAM DESIGN
Develop and design your risk management and insurance program.
Far too often insurance is placed by clients without understanding their risk profile, appetite and tolerance capability. At AMG, we take time to design and implement the most appropriate optimum risk financing solution for our clients. We recognize the procurement of insurance is essential for many companies, but it is important to ensure insurance delivers value for money and does not unnecessarily erode working capital if not required.
Once the Risk Identification and Assessment is carried out, it serves as a guide to structuring the insurance program according to your real needs; this structure is incorporated into the policies to be issued.
This phase is key since it is a question of synchronizing the risks you face with the coverages, extensions and clauses offered in the market. The experience of AMG team assigned to carry out this task is of vital importance. We structure in a professional manner the products that best fit the individual needs of each client. We have specialized areas that allow us to be analyzed and evaluate the hazards that could be covered under the various policies available.
INSURANCE PLACEMENT
Finding insurance companies to underwrite your risk and obtain insurance coverage at competitive coverage and premium costs. The AMG team works closely with the insurance market to design and implement insurance and risk solutions, secure comprehensive coverage and negotiate competitive premiums for all your insurance and risk management needs. Our excellent relationship with insurers and underwriters across general, operational and financial lines means that we are able to negotiate and acquire insurance products for any risk. We work closely with our clients to provide tailored solutions that suit your business exposures and risks. With our insurance programme design methodologies and industry knowledge, we can closely assess our clients current and future risk profile to provide innovative solutions to any risks at hand. Our strong domestic and international relationships mean that we are able to benchmark insurance solutions on an international level in-order to customize, design and place customized insurance programmes for our clients at highly competitive premium
Learn more
INSURANCE PLACEMENT
Finding insurance companies to underwrite your risk and obtain insurance coverage at competitive coverage and premium costs.
The AMG team works closely with the insurance market to design and implement insurance and risk solutions, secure comprehensive coverage and negotiate competitive premiums for all your insurance and risk management needs.
Our excellent relationship with insurers and underwriters across general, operational and financial lines means that we are able to negotiate and acquire insurance products for any risk.
We work closely with our clients to provide tailored solutions that suit your business exposures and risks. With our insurance programme design methodologies and industry knowledge, we can closely assess our clients current and future risk profile to provide innovative solutions to any risks at hand.
Our strong domestic and international relationships mean that we are able to benchmark insurance solutions on an international level in-order to customize, design and place customized insurance programmes for our clients at highly competitive premium
CLAIMS MANAGEMENT
Provide claims support, including claim settlement advice, negotiation with insurers and loss adjusters to get the your compensated fairly in the reasonable time framework. Our Claims Department is dedicated to providing you with a seamless service. With dedicated teams staffed with trained claims professionals with specialist knowledge in key areas including motor and property/liability claims, it couldn’t be simpler getting in touch to tell us about any incident that has occurred. We consult to you throughout the life of a claim from inception to regular review, settlement and conclusion. We combine our technical ability, negotiation skills, our reputation and an intimate understanding of your policy to ensure potentially complex issues are appropriately managed. For our corporate clients, we provide as part of our service: A dedicated Claim Team to agree and arrange service standards and processes with you.A pre-appointed Loss Adjustor – who will meet with you pre-loss to ensure they understand your business and insurance programme long before a claim.Periodic Claims Updates and Review MeetingsChallenge of insurer claims reserving, to proactively protect your claims experience. These strategies and capabilities ensure a full claims management service – from incident recording...
Learn more
CLAIMS MANAGEMENT
Provide claims support, including claim settlement advice, negotiation with insurers and loss adjusters to get the your compensated fairly in the reasonable time framework.
Our Claims Department is dedicated to providing you with a seamless service. With dedicated teams staffed with trained claims professionals with specialist knowledge in key areas including motor and property/liability claims, it couldn’t be simpler getting in touch to tell us about any incident that has occurred.
We consult to you throughout the life of a claim from inception to regular review, settlement and conclusion. We combine our technical ability, negotiation skills, our reputation and an intimate understanding of your policy to ensure potentially complex issues are appropriately managed.
For our corporate clients, we provide as part of our service:
- A dedicated Claim Team to agree and arrange service standards and processes with you.
- A pre-appointed Loss Adjustor – who will meet with you pre-loss to ensure they understand your business and insurance programme long before a claim.
- Periodic Claims Updates and Review Meetings
- Challenge of insurer claims reserving, to proactively protect your claims experience.
These strategies and capabilities ensure a full claims management service – from incident recording and response/acknowledgement through to resolution.
UPDATE CHANGED
Advise client of legislative changes or legal decisions which may impact the insurance program or risk profile and provide ongoing advice on material changes and developments in local and global insurance markets The future may be hard to predict, but need not be hard to prepare for legislative changes, insurance regulations or any material changes in insurance markets. Sometimes, insurance markets are facing with many changes such as investment, merger & acquisition and regulatory environments that are emerging from the financial crisis. At AMG, we provide Insurance Industry Outlook and an overview of how major regulatory changes are being reflected to your business both of domestics and overseas. As the world becomes smaller thanks to technology, and where large firms operate across many jurisdictions, it is ever more important to understand the dynamics in insurance market.
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UPDATE CHANGED
Advise client of legislative changes or legal decisions which may impact the insurance program or risk profile and provide ongoing advice on material changes and developments in local and global insurance markets
The future may be hard to predict, but need not be hard to prepare for legislative changes, insurance regulations or any material changes in insurance markets. Sometimes, insurance markets are facing with many changes such as investment, merger & acquisition and regulatory environments that are emerging from the financial crisis.
At AMG, we provide Insurance Industry Outlook and an overview of how major regulatory changes are being reflected to your business both of domestics and overseas. As the world becomes smaller thanks to technology, and where large firms operate across many jurisdictions, it is ever more important to understand the dynamics in insurance market.
INSURERS SECURITY SELECTION
Monitor the financial status and change of ratings of the insurance companies and place your insurance program to the financially secure insurers. There are many insurance companies, so choosing between them can be a challenge. An experienced risk consultant should also have the ability to determine the anticipated cost of the protection and to examine and qualify the insurers who will bid to handle the account. At AMG, we evaluate a prospective insurer's financial strength before placing a policy and recommend you to purchase insurance to protect you financially and provide peace of mind. We select a company that is likely to be financially sound for many years, by using the control and monitor process by regulator.
Learn more
INSURERS SECURITY SELECTION
Monitor the financial status and change of ratings of the insurance companies and place your insurance program to the financially secure insurers.
There are many insurance companies, so choosing between them can be a challenge. An experienced risk consultant should also have the ability to determine the anticipated cost of the protection and to examine and qualify the insurers who will bid to handle the account.
At AMG, we evaluate a prospective insurer’s financial strength before placing a policy and recommend you to purchase insurance to protect you financially and provide peace of mind. We select a company that is likely to be financially sound for many years, by using the control and monitor process by regulator.