Content Summary
- The purpose of every business is to make profit. In these tough economic conditions, businesses are required to be a little more innovative in finding ways to improve their bottom line. There are a number of mechanisms that can be employed in addressing this challenge.
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One of the obvious methods of growing the bottom line amongst others is managing the costs of doing business. Reducing cost is always a challenge and may sometimes lead to negative implications in the normal operations. It is therefore prudent for corporates to find EFFICIENT ways of managing costs.
The alternative is self-insurance i.e. Risk Finance. This is where a corporate funds for their own risk. There are a number of considerations that a client needs to be mindful of should they be keen to explore this avenue such as, Sums insured, Loss history, Frequency of loss events and the corporates appetite for risk retention.
what we do
FCC provides risk management advise to corporate clients on risk finance structures. These tailor- made solutions typically referred to as Alternative Risk Transfer (ART) or risk financing, provide cover for underwriting risks, timing risks, credit risks and a wide range of business risks not typically insurable The solutions are characterized by their profit share arrangements incentivizing the insured for effectively managing their risk.
Cover is provided by typically blending self-insurance and risk transfer layers to reduce reliance (by the client) on insurance / reinsurance companies in the medium to long term.....READ MORE ON DOWLOADS