Competitive Marketing:
Whether
insurance market conditions are difficult or favorable for policyholders,
insurance represents a significant overhead item as exposures to loss change
with insurance market conditions. Re-design of risk programs is often effective.
Every few years it may be advisable to review the performance of agents
and carriers as well as the quality of purchased insurance.
Although changes should not be made for minor advantage, designing a
competitive process for insurance proposals requires high quality underwriting
information and insurance specifications so that all insurance bids take
place on a level playing field. WRISC, Inc. can evaluate the need
for competition and manage the competitive process to ensure the most cost
effective and highest quality insurance coverage and services.
After performing an insurance audit, WRISC can assist with the identification
of qualified brokers and experienced underwriters who are most likely to
provide the greatest value. WRISC can also manage carrier assignments
and provide detailed, easy-to-follow proposal comparisons. A two-step process
has been developed which promotes the selection of the highest quality brokers
and carriers with the most competitive commissions/fees and premiums.
