The process of analyzing exposures to risk and determining how to best handle such exposures.
Understanding your risk is essential to making good decisions- The Schneider Group routinely works with clients and their 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.
The Schneider Group considers 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.
The Schneider Group also has extensive internal large casualty and large property risk management resources. These resources have extensive insurance company underwriting, pricing, and program development experience, which provides enhanced value to our risk management clients. This experience is used to help our clients determine the proper structure of risk assumption (Deductible, Self Insured Retention, etc.), as well at the recommended level of risk assumed.
The Schneider Group also has tools to provide loss rating and reserve analysis to assist our risk management clients with premium allocations, and setting internal financial reserves for expected losses within the deductible. Unlike some of our competition, at The Schneider Group, we make these internal resources available to our risk management clients at no additional cost to the client. We believe this is one more advantage of doing business with The Schneider Group.