Insurable Risk Management

SSAMM defines the following insurable risks facing organisations:

SSAMM provides:

• Integration of insurable risks into one cohesive approach; and

• Integration of insurable risks into enterprise-wide risk management systems.

Although the context may vary, SSAMM applies a consistent approach to best practice insurable risk management. Whether looking at a specific insurable risk or all insurable risks, we believe that implementing a structured management system is the key to improved performance and reduced claims/premiums. Top

SSAMM utilises the following insurable risk management framework:

Defining the leadership position of the organisation

Ensuring that the executive of the organisation support the management of the risk/s and that risk specialists have clear authority and responsibilities. Top

Developing business plans

Ensuring that insurable risk management is treated as key business driver and that business plans are developed with clear outcomes that link with the organisation’s goals.

Collecting data – incidents, claims, premiums

Ensuring that all data relevant to that risk/s are identified and collected. This may include such things as incidents, complaints, claims, premiums and the like. Ensuring that the analyses of this data is used to identify areas at risk or opportunities for improvement. Top

Utilising human resources

Ensuring that all employees receive the necessary training and that roles and responsibilities across the organisation are defined. That consultation with employees and stakeholders is a key aspect.

Undertaking risk assessment / management

Ensuring that formal risk assessments of processes, machinery and tools is undertaken on a regular basis. That risk recording, reporting and monitoring processes are in place. Top

Undertaking effective claims management

Ensuring that claims management and rehabilitation techniques are at best practice levels and cover all statutory and regulatory requirements. Top

Implementing key performance indicators

Ensuring that the organisation uses performance indicators to celebrate success and identify areas in need of improvement.

Our structured methodology usually begins with a gap analyses and provision of recommendations for improvement which we help to implement. With a team of senior legal, operational and technological specialists, we are able to offer a full range of services and solutions. Top