Taking a proactive, or attacking, position when it comes to claims management will save you money in the long term according to BLM partners Helen Grimberg and James Harvey.
Speaking to Intelligent Insurer at the 2019 Airmic annual conference, Helen and James explained that business continuity is key when thinking about the reasons for being proactive. Helen said: “We are trying to support risk managers to know what to take back to the board to help them make the arguments they need to.”
An example shared by Helen and James to demonstrate this is when a business becomes insolvent or is going into insolvency and looking at restructuring there is a risk, but some of that can be pre-empted.
To read the full article, click here. (subscription required)
If you are a corporate organisation facing similar issues or would like to discuss risk management strategies, please contact partner and head of the corporate sector group Helen Grimberg.