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Risk Transfer
The transfer of risk to creditworthy third parties is a common approach to risk management within an organization. In fact, some organizations use risk transfer as the primary means of managing risk exposure of their assets and within their business operations. ABS Consulting is dedicated to helping clients determine how best to integrate risk financing approaches into an overall risk management program, including traditional and alternative risk transfer mechanisms.
Through EQECAT’s catastrophe modeling services, ABS Consulting can assess a firm's overall risk from natural and man-made hazards around the globe, and quantify that risk probabilistically. This enables our clients to make informed decisions based upon their unique risk tolerance, and balanced with market pricing and offerings. Further, our unique modeling technology supports dynamic financial analyses which consider market changes over time, and assigning probability to outcomes which have varying impact on a firm’s financial health.
Mitigation strategies and improvements identified in other phases can be incorporated into the risk modeling process to quantify cost-benefits across the enterprise. ABS Consulting also considers appropriate alternatives to financing risk and quantifies the benefit developed to restructuring risk transfer programs at the operation, division or enterprise level.
In today’s volatile risk transfer marketplace, the ability for a corporation to select from a set of risk financing alternatives that have been quantified specifically for its organization by an independent third party, is invaluable.
Risks stemming from all aspects of the business (property, casualty, liability, business continuity, etc.) should be considered.
ABS Consulting is staffed with experts in both the traditional and alternative risk transfer markets, supporting our clients in:
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Identifying Risk Transfer Protection Gaps
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Establishing Appropriate Retention Levels
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Assessing Captive Insurance Programs
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Configuring Risk Transfer Layers and Attachments
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Securitization of Catastrophe Risk
As an independent third party outside of the risk transfer transaction, we can objectively identify, quantify and assist our clients in configuring their risk financing programs, supported by the assessment and mitigation capabilities existing within the ABS Consulting family.
Representative Projects
For more information, contact:
Kenneth A. Travers
SVP, ABS Consulting/EQECAT
1-302-239-1145 | ktravers@eqecat.com |
