Total Cost of Insurance
Historically grown insurance structures are often cost drivers. Total Cost of Insurance offers a comprehensive perspective on your company’s insurance needs. The goal is to uncover saving and capacity potential and implement suitable risk management strategies including, but not limited to, increased deductibles.
Together with Funk, your company will develop a full and holistic view on costs that may arise from risks and potential claims. This means that by optimizing insurance policies on the one hand and introducing adequate deductibles on the other hand, companies can often reduce their total cost of insurance.
How we optimize your insurance costs
Effective strategies for long-term cost reduction and risk minimization.
Comprehensive cost and risk analysis
Analysis: Evaluation of existing claim information and modelling of claim progression
Market survey on the planned risk transfer strategy
Strategy: Obtaining offers, taking into account different deductible options as well as all relevant cost parameters
Increasing efficiency in insurance management
Optimization: Sustainable and permanent reduction of total risk costs by implementing the optimal risk transfer strategy for your company
Consultancy and strategy for your company’s insurance management
With our transfer cost simulator, we offer your company an innovative way of comprehensively analyzing your current insurance solutions from an economic perspective. Based on your individual claim situation, we identify which insurance policies are sensible and cost-efficient and show you which deductible models your company can benefit from. We analyze not only the pure risk transfer costs, but also the costs of risk assumption, the associated capital costs, and the costs of claim administration. Our profitability analysis can be applied flexibly to individual insurance lines and also provides a valuable basis for decision-making for complete insurance portfolios in order to optimize your company’s risk costs.
Your advantages at a glance
- Significant reduction in risk costs and long-term optimization of your company’s own risk position
- Transparency about existing claim history
- Enhancing the negotiating position with insurers
- Identification of all relevant risk cost items
- Objective economic analysis of different deductible models
Would you like to reduce your insurance costs?
Reduce your company’s total costs of risks and optimize your operational processes.
Schedule a non-binding consultation on Total Cost of Recall now!
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