Risk Financing
Insurance buyers today commonly retain more risk than they ever did in the past - sometimes not of their own choosing. The approach offers an opportunity to lower fixed insurance costs, but it raises volatility and uncertainty. Selecting the best risk financing arrangement for your organization can be a complicated and daunting task. RiskVersity can help identify the most cost-efficient options for organizations of all types and sizes. These services collectively contribute to an organization's ability to manage and finance its risks effectively, balancing the need for protection with financial sustainability.
What is Risk Financing?
Risk financing is the process of identifying, assessing, and managing financial risks that an organization may face. It's a crucial aspect of risk management, and one that RiskVersity can expertly walk any organization through. The goal is to determine how to handle potential losses or liabilities in a way that aligns with your organization's overall strategy and financial capabilities.
Examples of Risk Financing services include:
- Risk identification, forecasting, and loss accrual studies
- High deductible and self-insurance program collateral reviews
- Alternative risk financing plan evaluations and comparisons
- Captive insurance feasibility studies and formation assistance
- Property and casualty insurance programs audits