Sigma Consulting Corp

Description

RISK FINANCING SERVICES Sigma Risk Financing services are designed to offer a comprehensive approach to an entity's portfolio. We will assist your core administration team in developing the unique process of planning, organizing, leading and controlling resources and activities. This will allow you to cost-effectively fulfill the organization's objectives and goals. We offer the following service to facilitate the development of an Enterprise Risk Management program: top Insurance Specification Development and Insurance Renewal Analysis Requests for Proposals (RFP) are prepared with your unique needs in mind and are distributed to agents/brokers of your choice or by a formal bid process. After various firms present proposals, our consultants will review, prepare a comparison spreadsheet, and provide a detailed written recommendation. Our consultants utilize their many years of insurance background and industry continuing education to provide the information and tools necessary to adhere to the latest industry standards. top Insurance Policy Review and Recommendation Our varied backgrounds within the insurance industry allow for a detailed analysis of your current insurance policies and recommendation for changes or enhancements. Sigma will also conduct a detailed analysis after renewal coverage has been bound. Binders and the resulting renewal policies are reviewed for accuracy and compliance with your renewal request. top Total Cost of Risk Development and Analysis Sigma will identify, quantify and analyze your exposures to risk and the marketplace's inclination to retain that risk based on specific exposure, financial and market information. This analysis may be used in the allocation of risk related expenses, risk and insurance premium budgeting, and benchmarking. Techniques including loss reserving and loss forecasting may be utilized in the Total Cost of Risk Analysis. These techniques may aid in insurance coverage underwriting and premium pricing, allocation of monies to risk financing programs, and, if applicable, compliance with governmental and/or industry regulations and reporting requirements. These techniques continue to support Sigma's Enterprise Risk Management consulting approach. top Alternative Risk Financing Study Sigma will complete an initial risk financing feasibility study to identify, quantify and analyze your firm's exposures to risk and the marketplace's inclination to retain that risk. Dependent upon the short and long-term risk financing objectives of your firm, Sigma may recommend that you investigate alternative risk financing options. Our experienced professionals will research the marketplace to determine the risk financing options available and work to develop a risk portfolio that incorporates your firm's personality, goals and risk appetite. top Captive Feasibility Study Sigma will work with you to determine if participating in a captive insurance program is a cost-effective option to aid in financing your firm's risk portfolio. Sigma will complete an initial risk financing feasibility study to identify, quantify and analyze your firm's exposures to risk and the marketplace's inclination to retain that risk.

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