AI Insurance Group offers its clients an extensive mix of insurance and risk management service specialties and technical resources. Our expertise permits us to offer tailored services to support and complement your risk management efforts. We offer a three-phased approach to risk management service as outlined below:

1. Designing the Program

• In-depth review of your activities and operations
  
• Analysis and quantification of your current exposures
  
• Assessment of possible program design options
• Selection, implementation and monitoring of the best options as determined by
  • Your risk assumption philosophy
• Scope and type of coverage suitable for your risk
• Optimal retention and limits (based on an actuarial and cost/benefit analysis, comparison to industry standards and your financial objectives)
• Risk funding approaches and alternatives
• Loss control techniques compatible with risk funding approaches

2. Marketing the Program

• Development of efficient market strategy considering all viable alternatives
• Effective presentation of your needs and exposures to the insurance marketplace which involves:
  • Full understanding of your operations, their nature and scope
    
  • Complete submission (since full information typically results in better market acceptance)
  • Carrier selection of potential markets in both primary and excess coverage layers to assure best utilization of available capacity
  • Individualized strategy for negotiating with each market to provide most favorable reception from each market
  • Careful analysis of financial condition of each carrier or alternative funding source being proposed
• Thorough analysis and comparison of all proposals received

3. Servicing the Program

• Rapid response to daily service needs
  • Coverage interpretation & questions
  • Certificates of Insurance
  • Claim reporting, follow-up, advocacy
  • Documentation of exposure changes with underwriters
  • Audit analysis for auditable exposure policies
• Contract and policy review
  • Hold harmless agreements/other party indemnification
  • Analysis of effectiveness of coverages of others
  • Insurance analysis in mergers and acquisitions
  • Specialized project needs
• Data Collection & Analysis
  • Claims tracking & analysis, including claim reserves, litigation review
  • Actuarial and statistical studies
  • Premium allocation (by division or other client specified method)
  • Subrogation review and monitoring
  • Experience modification monitoring and analysis
• Periodic Status Reports
  • Marketing trends
  • Effects of major legislation
  • New products/market analysis
• Annual Review of Account (Stewardship Report)
  • Major developments/new exposures
  • Summary of activity & analysis of response effectiveness
  • Future goals/long range strategy
• Risk Management Services
  • Loss analysis and forecasting optimum retention analysis
  • Consultations regarding risk management information systems
• Risk Control Services
  • Identify and evaluate risks to life and property
  • Design of tailored, practical hazard control programs
  • Assist in the investigation of losses
  • Evaluation protection management systems
  • Develop employee training programs
    • OSHA compliance & regulations
    • Drug Free Workplace
    • Defensive Driving & Driver Safety (National Council Safety Certified)
    • American Red Cross First Aid, CPR (Red Cross Certified)
  • Analyze loss experience recommendations
  • Participate in pre-acquisition surveys & due diligence process
  • Assist in evaluating and responding to insurance carrier loss control recommendations
  • Claims Services
    • Audit review of insured and self-insured claims operations
    • Assist in reporting, mediating, and resolving claims problems
    • Develop Workers' Compensation medical cost containment programs
    • Prepare a manual of claims procedures
    • Assist in responding to catastrophes
    • Structure claims settlements
    • Analyze case reserves

All good risk management programs remain in a constant state of review and change. Your AI Insurance Group Account Executive will coordinate our team to make meaningful contributions to this process by adjusting the use of our services according to your needs. We are confident that we can provide all of the professional risk management services you require.