Consultancy
Risk Management
NOBLE insurance broker support clients in Risk Management of the entire portfolio and advise the steps to be taken to improve the risk and make it attractive to the Underwriters to underwrite the risk.
Risk can be defined as the combination of the probability of an event and its consequences. In all types of undertaking, there is the potential for events and consequences that constitute opportunities for benefit (upside) or threats to success (downside).
Risk management is a central part of any organisation’s strategic management. It is the process whereby organizations methodically address the risks attaching to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities.
The focus of good risk management is the identification and treatment of these risks. Its objective is to add maximum sustainable value of all the activities of the organization. It marshals the understanding of the potential upside and downside of all those factors which can affect the organisation. It increases the probability of success, and reduces both the probability of failure and the uncertainty of achieving the organisation’s overall objectives.
Risk management should be a continuous and developing process which runs throughout the organisation’s strategy and the implementation of that strategy. It should address methodically all the risks surrounding the organisation’s activities past, present and in particular, future.
Our aim is to provide a unique service and approach to the insurance requirements of our clients. Our philosophy is simple but effective and is founded upon building a strong partnership between clients, the insurers and ourselves.
Insurance Consultancy
NOBLE as an Insurance Consultant offer support client in Risk Management, analyse the insurance requirement, prepare tender and finally place the insurance package with lead Underwriters and International Market.
Exposure & Coverage Analysis – Do you have the right insurance? Are the policies written to address the total /complete exposures of your business? Are the policies designed to minimize the administrative burden insurance can cause? Are your premiums in line with the current marketplace?
Claims Assistance – Is the insurance company handling your claim properly? Is the offered settlement fair based on the coverage you purchased? Is a claim denial appropriate? What coverage should have been in place?
Bid Management – How can competitive proposals help to improve the coverage and premium? Whether agents and brokers are qualified to work on your account? How do you select the best proposal from those presented?
Insurance Management Services – How do you manage the entirety of your insurance program? What needs to be considered at renewal? Should your agent provide alternative quotations? What loss control services should your insurer provide? What claims management issues need to be addressed?