Feasability Study
Our Services
- Research the feasibility and cost effectiveness of implementing a self insurance scheme
- Design a self insurance program
- Advise on reinsurance arrangements
We Can
- Analyse the impact of self insurance on operating costs and profit
- Outline the funding required to meet the costs of paying self insured claims, managing the claims process and satisfying regulatory requirements.
Organisations can self insure a range of insurable risks. We help organisations to assess the financial impact of self insurance. Most commonly we perform this assessment for workers compensation. There is often the potential to make considerable savings in workers compensation claim costs, as the introduction of self insurance may lead to improvements due to:
- Increased incentive to focus on risk management and reduce the number of claims
- Increased incentive to manage claims better
- More control over management of claims.
Contact us
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Mark Hurst+61 2 8252 3358 Scan the tag for Mark’s vCard |
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