Risk Management

RISK MANAGEMENT

A robust approach to Risk Management / Loss Prevention is of critical importance for any marine insurance operation. We are able to provide expert service for the following areas:

Risk Management Oil Rig

Ship Condition Survey

Highly experienced in the requirements and performance of all types of condition surveys including JH2013/007 A, B, C and D formats.

For Protection and Indemnity and Charterers surveys, we have a hatch cover testing ultrasound equipment to hand and have been trained in its use.

Claims and Loss Prevention Survey
It is highly beneficial that we are appointed for claims during any fleet risk assessment carried out.

For Protection and Indemnity and Charterers surveys, we have a hatch cover testing ultrasound equipment to hand and have been trained in its use.

Shipyard Surveys
We carry out JH143 builders risk surveys as well as surveys of ship repair yards in respect of ship repairers liability policies.

Company Audit

We believe it’s our business to understand and to take the time to be interested in what everyone does and how they do it. We, therefore don’t use a one size fits all checklist.

We seek to make a reasoned evaluation of the company concerned, examining the business process of all departments and locations through interview and audit.

Our aim at completion of a vessel survey and company audit programme is to enhance the company culture as well as providing a reduced loss ratio for Underwriters.

Recommending the implementation of best practice initiatives as well as recording technical defects along with timelines for rectification.

Working In House:
For any organisation who may not yet have their own in-house technical expertise in place, we are able to provide the required services – based upon claims data as well as a selection criteria based upon vessel age, type etc.

It is however in the selection of third party independent surveyors and in the management of the survey results where our experience can really make the difference.

For Insuretech organisations, we are able to consult regarding associated surveyor attendance programmes and provide technical validation of claims data.

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