Client Focused Risk SolutionsContact & Navigate
Improving your business one risk at a time.
As part of a multi-dimensional, high-performing financial services company, McGriff Insurance Services is uniquely positioned to provide you with the highest level of innovative risk management services.
Our proprietary process, Client Focused Risk Solutions®, is a blend of the traditional brokerage-driven service, enterprise risk management and total cost of risk strategies.
Managed by a team of professionals across McGriff Insurance Services, BB&T Corporation and valued external partners, our Client-Focused Risk Solutions process is comprised of five broad phases:
Traditional models focus primarily on hazard risks, but experience indicates only 30% of total risk cost lies here. Our strategy is four-fold:
Through this strategy, we've developed a risk assessment and interview protocol that identifies and quantifies risks pertinent to your operations.
Our consultants analyze and quantify risks through analytical and actuarial techniques by reviewing information such as:
- Financial statements
- Historical operations data
- Loss history
They will also include industry data to supplement your data when necessary.
Based on our analysis, we pinpoint opportunities to mitigate future risk, allowing us to recommend various solutions such as:
- Risk financing options (including captives)
- Workplace safety
- Claim trend analysis and open claim reviews
- M&A consultation and due diligence
- Supply chain risk analysis
- Leadership development, team building and employee assessments
A solid strategy leads to a detailed implementation plan with an owner and timeline. Regular reviews help determine a rational and timely implementation for all strategies.
Every year, we develop a stewardship report detailing the accomplishments and impact on your total cost of risk. This holistic approach helps you:
- Identify risks
- Develop a strategy to manage those risks
- Implement the strategy
- Measure the strategy's results