Turning Insurance Risk Volatility Into Advantage

Threats to your business are complex and unpredictable.

Between cyber breaches, catastrophic weather events, volatile supply chains and an abundance of threats, businesses should take a holistic approach to operational insurance risk management. When threats turn into crises, companies must balance competing priorities, including stabilizing operations and recovering losses.

Why Choose BDO?

BDO’s Insurance Risk and Recovery practice leverages deep functional and industry knowledge to strategically manage risk and recover from losses. We work with organizations to help identify and mitigate risk to recover faster when incidents occur. We help navigate a volatile insurance market, optimize the use of insurance as a risk-transfer tool, and mitigate operational, digital, enterprise and third-party risk. When crisis strikes, we help pursue claims recovery to recoup costs.

BDO takes an integrated view of risk and insurance across business functions and understands the levers you can pull — from business resilience strategies to insurance vehicles — turning crisis into opportunity.

Our Insurance Risk Services Include:

  • Insurance Risk Management
  • Insurance Program Assessment and Policy Evaluations
  • RMIS Assessments and Implementation
  • Captive Feasibility and Utilization Reviews
  • Vendor and Third-Party Risk Transfer Assessments
  • Insurance Vendor Management


Our Insurance Claims & Recovery Services Include:

  • Insurance Claims Management & Recovery
  • Property Damage & Business Interruption
  • Cybersecurity Claims
  • Product Recall
  • Natural Disasters
  • Casualty Claims
  • Employee Fidelity Claims
  • Representations & Warranties

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Insurance Risk & Recovery Case Study

Challenge

Leaders of a global company were pressured to reduce expenses. BDO was engaged to evaluate the company’s insurance program, develop a total cost of risk, and determine if cost savings were available.

Solution

BDO cataloged the company’s insurance policies and performed a utilization review of the captive insurance company to determine efficiencies and opportunities to insure new coverage.

Outcome

BDO helped the client implement a new global insurance strategy and purchasing framework, saving $5.5M in premiums.

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