Insurance Program Framework

Program Review Activities:

• Evaluated the overall portfolio in alignment with industry best practices for organizations of like size, type, and industry 
• Assessed related vendor contracts including placement broker, third party claims service providers, actuarial services, asset appraisals, etc.
• Conducted an assessment of values at risk and claims experience alongside retentions, limits, and co-insurance
• Worked with program owner to develop plan to “right-size” program, which may include increases / reductions in limits, retentions, coverage scope or structure
• Assessed with legal counsel the opportunities to pursue claims recovery for large and unique business losses. (Applicable to COVID-related losses)

Governance Partnership Engagement:

• Engaged with ERM program owner to assess risk transfer opportunities / considerations 
• Worked with program owner to develop:
  • Claims reporting protocols and educational material to ensure swift / accurate reporting and no compromise of coverage
  • Unique reporting for Senior leadership and Board of Directors