These are preparatory stages for risk mapping:
Identification of the risk, identification of the assets to be covered and of the responsibilities related to the specific sector, both of employees and of external parties.
Assessment / Quantification of risks, losses, maximum exposures to damages caused by single negative events.
Risk control; check and amend existing prevention and protection systems; definition of the safety levels to be the basis for what to choose when it comes to risk management.
THE INSURANCE PROJECT
Following the risk analysis carried out for the client, A&A proposes a series of adjustments to existing policies and the stipulation of contracts’ extensions. The so called “insurance project” consists of several points:
• In-depth analysis of the current insurance position and considerations on emerging opportunities
• Solutions and benefits proposed to align coverage with actual risks
These are the areas of optimization: from the analysis of capital or ceilings at risk, to missing guarantees, excessively high deductibles, unfulfilled contractual obligations, excessive amount of contracts, etc.