Insurance Risk Management with JLT

Case Studies: read more about how JLT's Global Service Team (GST) have pro-actively supported existing clients.

Case Study 1: Central Management Model

One of our clients, a very sophisticated insurance buyer, traditionally had one broker in every territory in which they operated (50+ territories). Many of the local brokers were adding no value to the insurance process and were effectively just 'post-boxing' which led to delays in the client receiving the information which they required. GST therefore took the central management role, with local brokers only being appointed either in territories where they were compulsory, or where there were other reasons to appoint (such as size of local business). This resulted in significant fee savings for the client, and a far more efficient and effective communication process with the local businesses receiving answers to their queries in reduced timescales. Additionally the answers given were standardised and GST have been able to spot any themes which arise and pro-actively manage these.

Case Study 2: Fronting Tenders

GST has worked with several of their clients to project manage their Fronting Tenders from start to finish. The GST was instrumental in helping clients to draw up a Request for Proposal (RFP), ensuring that the necessary questions were being asked of insurers so that clients' needs could and would be fully met. The GST co-ordinated all the responses and acted as the conduit between the client and the insurers for any follow-up questions or details needing clarification. Once the final responses were received, GST produced a report for clients with recommendations for the future, and changes were made where required. By GST running the tenders, the client could ensure that the correct fronting partner was selected without spending an inordinate amount of time doing this themselves. The reports were all well received and in each case the selected fronting partner was the one recommended in the GST's final report.

JLT Events

JLT host a range of events throughout the year. To find out more click below.

	23/11/2011	Global insurance review brochure
	04/10/2011	JLT Specialty Limited shortlisted for National Broker of the Year 2011
	01/07/2011	Creating choice through specialist insight
	10/06/2011	Only 12%* of Global Insurance Programme Managers are convinced they have full visibility of their Global Policies
	26/07/2010	Europe's leading independent insurance brokers announce a closer affiliation