The Aviation Sector is one with huge risk exposures of a $500 million dollars for Hull and Liability damage. Our role is to ensure that this huge exposure is effectively transferred at the most competitive price.
Our focus is to ensure compliance with the various regulations and to also protect the bottom line of our clients.
Our aim is to help the airlines get adequate protection and ensure business continuity in the event of the occurrence of unforeseen disasters.
》Selection of Lead Local Underwriter and Reinsurance Broker
We provide necessary support to our clients by carrying out the following processes:
The Lead Local Underwriter and Reinsurance Broker are very instrumental in putting together a good Aviation Insurance Program. As such, we collaborate with our clients in making the right selections.
》Risk Profiling
We carry out a comprehensive Risk Assessment of our clients’ operations. This enables an effective risk profiling process with which we are equipped to recommend the airline’s Risk Management Culture to the Underwriter. This helps us attain the best premium terms for our clients.
Over the years, we have succeeded in achieving significant results with regards to competitive premium payments, claims recovery and adequate protection against unforeseen disasters.
We have accomplished up to 30% premium reduction for our clients. Our vast experience and working knowledge of the Aviation Insurance market has helped to make this achievable. However, the market conditions, hard or soft, play a crucial role in determining the premium and the amount of reduction achievable.
Banks and other financial institutions are invariably faced with different types of risks that may have a potentially adverse effect on their business. They are obliged to establish a comprehensive and reliable risk management system, integrated in all business activities and providing for the risk profile to consistently be in line with the established risk propensity.
Our aim is to liaise with the insurance companies and find the best deal for insurance cover based on their risk exposure and at the most competitive price.
We carry out a comprehensive Risk Assessment which demonstrates good corporate governance and is consistent with banking (and other financial institutions) risk management activities. This gives us a comprehensive overview of their risk exposure and assists our process in negotiating the best premium terms.
Over the years, we have succeeded in achieving significant results with regards to competitive premium payments, claims recovery and adequate protection against unforeseen disasters.
As evidenced by commendation letters received from our clients, we have been able to execute a premium reduction for as high as 70% for our clients. Our team of highly knowledgeable, experienced and committed professionals have been instrumental to this achievement.
The Oil and Gas industry is arguably the industry with the highest risk factor given its complexities. The nature of its activities both in the offshore and onshore bases is characterized by risks of varying dimensions. The implication of a risk factor inherent in oil and gas production obligates participants in the industry develop various techniques of risk management.
Our role is to ensure that this huge exposure is effectively transferred at the most competitive price.
We carry out a comprehensive Risk Assessment which demonstrates good corporate governance and is in line with Oil and Gas risk management activities. This gives us a comprehensive overview of their risk exposure and assists our process in negotiating the best premium terms.
Over the years, we have succeeded in achieving significant results with regards to competitive premium payments, claims recovery and adequate protection against unforeseen disasters.
We have been able to attain for our clients, a premium reduction, as high as 50%. Our team of highly knowledgeable, experienced and committed professionals have been pertinent to achieving this feat.
The Manufacturing industry engages in different transformations of goods, raw materials as well as substances into new products. The production of new products has the industry faced with different types of risks which could lead to potential adverse effect on the business.
The implication of producing new goods and other substances makes the industry require various techniques of risk management.
Our aim is to ensure that the various risk exposures are effectively transferred to competent insurance companies at the most competitive price.
We carry out a comprehensive assessment to measure threat levels which the manufacturing company is exposed to. A close review of the organization’s risk management activities helps us to ascertain their risk exposure. This, in effect, informs our obtaining the best premium terms for them.
Over the years, we have succeeded in achieving significant results with regards to competitive premium payments, claims recovery and adequate protection against unforeseen disasters. Our team of highly knowledgeable, experienced and committed professionals have been pertinent to achieving this feat.
The Information Technology (IT) industry carries very high-risk exposure. In this sector, businesses are exposed to a variety of risks in areas including General IT, Criminal IT as well as Natural Disasters, any of which could bring potential adverse effects on the business. We ensure that the huge risk exposures are effectively transferred at the most competitive price.
Our aim is to ensure that the various risk exposures are effectively transferred to competent insurance companies at competitive prices.
We carry out comprehensive risk assessment to measure the threat levels to Information Technology companies. As this is consistent with the organization’s risk management activities, we are better equipped to determine their risk exposure and obtain the best premium terms for them.
Over the years, we have been able to help our clients achieve great results in paying the most competitive premium, claims recovery and adequate protection against unforeseen disasters. Our team of knowledgeable, experienced and committed professionals have been instrumental to this achievement.
Technical Officer (Underwriting And Claims)
Adesina Oluwadamilola is an Insurance Graduate from Redeemer University and is a student member of Chartered Insurance Institute of Nigeria. She started her career at Royal Exchange Prudential Life Insurance Plc as a Risk Advisor whose responsibilities were sales of Life Insurance products and ensuring the client are fully detailed on the life products they buy.
Oluwadamilola joined Risk Analyst Insurance Brokers Limited as an Insurance Officer, she is presently in the underwriting and claims unit where she provides good rates and quotes for clients, survey risks and underwriting of all classes of insurance. She gives advice to clients on the insurance policy they can take up that suits their risk exposures; negotiate the best rates with coverages which is suitable for them.
She is also in charge of claims management on behalf of clients; providing advice on making a claim and the processes involved, collecting accurate information and documents to proceed with a claim, handling any complaints associated with a claim and ensuring fair settlement of a valid claim within the shortest time possible.
Oluwadamilola is involved in the marketing of insurance products to both new and existing clients and has attended various trainings which have helped hone her skills in insurance.
