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...

BPIR Categories

11.1.4 Manage cash flow
11.6.4 Manage physical risk

Unlock this article and 10,000+ more

To get the most out of our extensive resources, please login or become a member below.