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Consulting Division
Insurance Technical/Strategic Audit (ITSA)
Part of a suite of Risk Management solutions designed specifically for SMEs

A detailed review exercise in as little as one month Uncommon Solutions Consulting Division - Knowledge and teamwork to achieve results

Introduction	Order form
Initiation	Timings
Analysis	Cost
Completion	Queries

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Introduction
Insurance is an expensive and necessary commodity, but there are always questions of how much to buy, how to get the best premiums and whether cover could be more effectively arranged. The Insurance Technical/Strategic Audit (ITSA) from Uncommon Solutions is a simple way to ensure that your insurance covers

achieve what you want them to achieve

avoid unexpected gaps and overlaps Gaps and overlaps often exist, BOTH of which can be damaging. Often an area of cover is common to two
policy forms, but is much better to be in one than the other.

Gaps and overlaps often exist, BOTH of which can be damaging. Often an area of cover is common to two
policy forms, but is much better to be in one than the other.

are structured as well as they can be

obtain the best value for money – in both cover and services – from the insurers Many technical improvements are possible - with the same insurers - just by asking.

Many technical improvements are possible - with the same insurers - just by asking.

The structure of the ITSA involves the following:

Initiation phase

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Review of existing cover

Review of any gaps between actual and perceived cover

Analysis of present cover –v– cover required

Agreement of objectives for the exercise

Structure and timings of the exercise

Analysis Phase

Although a relatively simple project, in terms of ongoing input required from you, we still use the Uncommon Solutions system of project management, timetabling simply who needs to do what by when to keep the project on track and chasing up in advance anything getting close to a default.

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Technical audit of wordings and the structure & interaction of policies, as against current best practice and possible improvements

Estimation of “market rate” for present coverage, i.e. competitiveness of present arrangements

Evaluation of present and optimal levels of excess/self-insurance

Project management – the Uncommon Solutions system of timetabling simply who needs to do what by when to keep the project on track and of chasing up in advance anything getting close to a default

Completion Phase

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General recommendations on optimal structure of insurance programme

Commentary on competitiveness of existing arrangements and possible means of improvement

Technical recommendations to improve the scope and/or effectiveness of policy covers

Additional recommendations on systems of administration, communication, recharging etc

Preparing and presenting a report including these recommendations, for consideration and decision

Timings SUITABLE SPACE Back to top

The overall timing of the exercise, as described above, will normally be four to six weeks. Your time commitment through all the stages will be kept to a minimum and will amount to –

gathering agreed details (policies, insurance details generally etc)

1 – 2 meetings at the initiation stage (including admin. systems)

dealing with any queries/missing data

1 meeting to receive our final report and recommendations

Insurance Technical/Strategic Audit

Order ~ confidence ~ optimisation

Cost SUITABLE SPACE Back to top

The cost of this product, as detailed above, is £2,975 (plus VAT).

To place an order, please complete the online order form, e-mail us, write to us or simply pick up the phone.

This exercise will be useful for you at any time. Really it is a case of the sooner, the better – schedule the exercise now and obtain the benefits. If it suits to conduct this exercise in preparation for a later insurance tender (which we do recommend), it is still best to do this as soon as possible and the tender exercise when warranted.

For peace of mind and a first class result, place your order with uncommonsolutions

Uncommon Solutions Limited,
PO Box 169,
Petersfield,
Hampshire GU31 4WY
01730 268465
info@uncommonsolutions.org
www.uncommonsolutions.org
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