DESIGNING NEW RISK PRECAUTIONS
For private customers, corporate customers and farmers
The risk management by the independent insurance brokers and GRM includes the following tasks:
The independent insurance broker inspects the private risk location/s, discusses the circumstances with the customer and:
examines the private, existing and insurable risks, compares these with the cover in the existing insurance contracts and outlines open risk areas with assessment.
As a result, customers receive a report with a description of the existing risks, the extent of coverage according to insurance contracts concluded and open risk areas.
The independent insurance broker offers decision guidance based on the risk analysis for designing personally useful insurance cover. Strategic objectives are:
- checking the cost effectiveness of existing insurance contracts,
- finding possible improvement in cost-benefit ratios,
- Optimising the extent of coverage,
- Optimising the contract clauses.
Furthermore, it is also agreed whether offers from domestic and/or international insurance companies be obtained.
The customer’s decision is the basis for the contract draft and its implementation with the insurance companies.
The independent insurance broker carries out the following tasks:
- describing the customer's basic parameters
- describing the risks
- identifying coverage options
- writing out the contract requirements in consideration of required clauses
- organising preliminary confirmation of coverage
- presenting the offers and recommendations at the customer's
- summarising the decisions by the customer as insurance orders
- forwarding customer orders to insurance companies for issuing policies.
The independent insurance broker checks and inspects the contracts issued by the insurance companies.
The customer can be assured that the insurance contracts will be realised as discussed between the customer and broker.