Strategies & Insights

Risk Management Strategies

C-Risk views risk management as a process that follows a systematic methodology. We work collaboratively with clients to identify and quantify risks to develop a client-specific risk profile.

A key factor in this process is assessing a client’s risk appetite. Is a client a risk-taker or are they risk-adverse? Does a client prefer to assume or retain the risk burden or transfer the risk contractually or through the use of insurance or other risk financing mechanism?

To be considered is whether a client prefers to execute their projects using direct risk-transfer, making it a contractual requirement for the other party to have contractor-provided insurance, or do they prefer to use owner-furnished insurance, project-specific insurance, or an owner controlled insurance program, aka, a wrap-up program.

 

Holistic Risk Management

An integrated methodology for addressing the challenge of managing risk

 

Risk Management Methods

Wrap-Up Program Strategies

C-Risk specializes in the formation and implementation of wrap-ups, both owner-controlled insurance programs and contractor-controlled insurance programs. However, we tend to focus more on OCIPs.

We provide strategic insight on the preparation of wrap-up insurance program feasibility studies, designing wrap-up program structures, and with implementation requirements for wrap-up administration processes and procedures.

C-Risk provides objective advisory services. We are an independent risk management consulting company and wrap-up expert. Our independence and unbiased input are critical in the structuring of a successful wrap-up insurance program. C-Risk does not have any conflicts because C-Risk does not directly place the insurance.

 

Building a Better Wrap-Up

A key success factor is Control. Having an experienced Wrap-Up advisor on your team is critical

 

Wrap-Up Feasibility

Risk Financing Strategies

C-Risk provides practical advice on alternative risk financing options for augmenting a traditional insurance and risk management program. Some of these options include the use of large deductibles, as well as other self-insurance methods such as captive insurance, reinsurance, and parametric insurance instruments.

Several of these risk financing techniques are recommended for clients who are are more knowledgeble in economics, finance and statistics, and skilled in probabilistic risk analysis as a decision-making tool.

C-Risk can assist in identifying certain risks that are viable candidates for using alternative risk financing. We collaborate with insurance and financial professionals, and with insurance brokers for designing and structuring a variety of alternative risk financing programs.

 

Alternative Risk Transfer

Transferring risk outside the traditional insurance-based model may be an option

 

Non-Traditional Programs