CASE STUDY

Improved Risk Management

CHALLENGE

The PortCo was purchasing insurance on a country-by-country basis, leading to inefficiencies in purchasing power and duplication of cover. These duplications could have led to contentious insurer disputes if more than one claim were to arise.

SOLUTION

ER worked with the client to create a more structured insurance purchasing process and holistic view to risk management. ER also helped the client run a broker RFP as the client was dissatisfied by the current broker’s service offering.

RESULT

The client appointed a new global broker, generating savings of 50% on broker fees. Working with the new broker, ER helped to review, streamline and remarket all insurance policies, allowing for clarity of coverage globally, improved terms, and premium savings of 15%.

50%

BROKER FEE SAVINGS

15%

PREMIUM SAVINGS

LONDON

New York

KOLN