BPIR Categories
11.1.4 Manage cash flow11.6.4 Manage physical risk
To reduce costs a US Wholesaler/Retailer moved to self-insure its properly and casualty (P&C) risks from a deductible programme with third-party administration of claims. The company developed an effective self-insured / self administered programme but retained the ability to outsource the management of potentially serious claims to its insurance carrier. The move incurred costs in creating the functional expertise, systems and procedures to administer the new programme, but overall savings were...
11.6.4 Manage physical risk
11.6.4 Manage physical risk