Improving your business one risk at a time
As part of a multi-dimensional, high-performing financial services company, we're 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, and 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:
Our consultants analyze and quantify risks through analytical and actuarial techniques by reviewing information such as:
- Financial statements
- Historical operations data
- Loss history
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
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.
5. Monitor & modify
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
Make informed business decisions with the help of our dedicated team of analysts.
Risk Control Consulting Solutions
Wide-ranging client-focused services tailored to your business.
Claim Consulting Solutions
Proactive claims management solutions designed to mitigate claim costs and reduce your total cost of risk.
As part of our comprehensive service commitment, we offer a variety of educational offerings on a number of important topics.
Our client education and training services are designed to help you prepare and respond to your unique compliance needs.
Understand the exposures that can impact your business through a risk management partnership.
September 2019 Business Insurance Newsletter (Newsletter)
August 2019 Business Insurance Newsletter (Newsletter)
July 2019 Business Insurance Newsletter (Newsletter)
McGriff Insurance Services, Inc. is a subsidiary of BB&T Insurance Holdings, Inc.
McGriff Insurance Services, Inc. CA License #0C64544.
Insurance products and services offered through McGriff Insurance Services, Inc., a subsidiary of BB&T Insurance Holdings, Inc., are not a deposit, not FDIC insured, not guaranteed by a bank, not insured by any federal government agency and may go down in value.