Renewal submissions:
Too much time needed to prepare and/or
quality is suboptimal
Premium expenditure and policy cover:
Inadequate global visibility
Risk profile:
No oversight on assets or their risk profile for
renewal & loss control focus
Loss mitigation:
Poor loss ratios, rising premiums, and few
insights into root causes of loss
Claims reporting:
Few process controls on claims reporting to insurers
Data management:
Data chaos results in lack of transparency,
few insights, and limited business continuity
Process management:
Inefficient processes cause risk-management
team issues
Loss provisions:
Poor cash flow and large provisions
Below-deductible costs:
Inadequate visibility and control
Premium allocations:
Unable to easily answer business-unit questions
Incident rates:
Rising
Risk register:
Spreadsheets are hard to consolidate,
limiting rollout of ERM
Corporate governance:
Audit and regulatory compliance need attention
Analytics:
Reporting tools are just highlighting what you know;
with no automatic highlighting of hidden trends
How many of these common challenges look familiar?
VENTIV CAN HELP.
VENTIV IRM
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