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RISK MANAGEMENT BLOG

Metro Inc. Reduces Reporting Time by 99%

 

Metro Inc. is the third largest food retailer in Canada and has been a ClearRisk customer since 2013. Before ClearRisk, incidents were reported via phone, fax, or mail and manually submitted into their outdated system as well as a physical filing cabinet(s). The risk management team was frustrated with time delays for collecting the data, data integrity, the risks associated with paper filing, and the inability to report on individual stores and hold them accountable. This led them to seek out ClearRisk.

Topics: decreasing cost of claims risk management claims risk management tips incident reporting risk management reporting

Find Out How This Company Decreased Annual Claims Cost by 48%!

 

Universal Parking of America is a national leader in hospitality and management services. Like many organizations with legacy systems, they dealt with lengthy incident forms and submission processes, which made risk management, incident analysis, and reporting time-consuming and ineffective. With ClearRisk, they have managed to decrease the time spent per claim by 88% and time spent reporting incidents has lowered by 75%. 

Topics: reducing claim costs decreasing cost of claims risk management claims risk management tips

City of Saint John Uses ClearRisk's Software to Save 50% on Insurance Claims Costs

 

The City of Saint John New Brunswick has done some incredible things when it comes to Risk Management including saving the city hundreds of thousands of dollars in claims costs annually. Before 2013, like many municipalities, Saint John was experiencing multiple issues in managing its risk and insurance data. With the number of claims and incidents on the rise year over year, they knew they needed to do something to take control of the situation. Enter ClearRisk.

Topics: Insurance and Insurance Purchasing insurance broker risk management risk management tips risk management insurance municipal claims municipal risk management public sector risk management reducing cost of insurance reducing insurance costs

7 Tips on How to Control Your Organization's Insurance Costs

 

Organizations are constantly searching for opportunities to reduce insurance costs. Companies need to view their role in the insurer/insured relationship differently. The insurance company isn’t selling you insurance; you are selling them your risk. Don't let them assume what you do and what your risks are.

By providing detailed risk management plans, including your organization's ability to produce and implement trend analysis reporting, your organization is promoting its proactive and risk-conscious environment. When history is unknown, or the internal approach is more reactive than proactive, insurers will typically err on the side of caution. This frequently translates into higher premiums and more restrictive coverages and limits.

Follow these tips below to get the best insurance for your organization:

Topics: Insurance and Insurance Purchasing insurance broker risk management risk management tips risk management insurance

8 Risk Management Points Every Broker Should Know

Mid-market is the most profitable and coveted segment, and therefore the most fiercely competed over. Medium-sized companies have the same problems as Fortune 500 companies, just on a smaller scale.  The problem lies in risk solutions; these solutions don't scale and small companies are unsure of where they can turn for help. As a result, medium-sized businesses do not benefit fully from risk management.

Insurance brokers deal with these companies every day, sharing advice on one important aspect of risk: their insurance. Brokers specialize in helping these same companies use broader risk management resources, tools, and services. If the brokers do not provide risk management services, others will: accountants, lawyers, and OHS and WCC consultants. Insurance brokers should talk to their clients and prospects about risk management in a way they understand. Here are 8 points every insurance broker should discuss with their client:

Topics: ClearRisk Craig Rowe risk management insurance broker What is Risk Management risk management services Clear Risk risk mitigation risk risk management risk management blog insurance selling risk management ERM enterprise risk management risk management tips brokers Insurance and Insurance Purchasing Managing Risk Risk Management advice Key points to Risk Management Insurance Broker ClearRisk Manager Must know on Risk Management How to deliver Risk M

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