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Risk Management Solutions
Our range of value-added services includes delivering you custom solutions for all of your risk management needs including: Alternative Risk Financing, Exposure Analysis, Loss Control including Safety Education and Training, Claims Analysis & Claims Management, Actuarial Services, Premium Audit Services, Experience Modification Analysis, HR Consulting, and development of policies and programs.
RISK MANAGEMENT PROMISE
- We promise to identify your exposures to loss.
- We promise to examine and recommend alternative techniques to control your loss.
- We promise to implement and monitor the techniques we recommend.
- We promise to seek continuous improvement.
We have many tools and resources available to help you achieve your risk management goals.
Understanding your risk is essential to good decision-making in the risk management process. IOA routinely works with client companies to assess their exposures, measure the potential financial impact of those exposures, and define their overall tolerance for financial volatility. From this vantage point, risk managers can properly assess and value alternative risk management strategies in light of their corporate strategies and goals
IOA draws upon considerable internal & external resources in the formulation and execution of risk mitigation, risk transfer and risk financing strategies. Our resources include loss-sensitive programs, large deductible and self-insurance retention programs, captive programs, wrap ups, loss portfolio transfers, environmental programs, and manuscript policies to address unique and emerging risks.
Your risk dollars are further controlled through workers compensation experience modifier reviews, classification audits, premium audits, contract reviews, progressive claims management programs, and loss control & safety management.
- Enterprise Risk Management
- Risk Control
- Claims Management
- Independent Claims Audit
- Experience Mod Analysis
Clients depend on IOA to help reduce the strain that large deductible casualty insurance programs can put on a company’s capital sources. This team of experts in finance, insurance and capital management develops efficient risk financing solutions.
Companies need to re-examine regularly the structure of their casualty insurance programs to make sure they are using capital, collateral and letters of credit wisely.
In 2000, IOA formed the Risk Management Department as an in-house consulting arm to focus specifically on designing creative alternative risk financing structures for our clients who assume risk in their insurance and risk financing programs.