RISK SURVEY (OPERATIONAL RISK)
List

Why Risk Surveys Are Needed?
List 1
Gambar Kurva Risk Assessment vs loss

If loss ratio is high causes the insurance company is unprofitable and may be in poor financial health because it is paying out more in claims than it is receiving in premiums.
 
The lack of material fact information provided by prospective insured, agents or brokers and the lack of knowledge and experience of the underwriters has resulted in poor risk assessments which have a negative effect, with increasing losses accompanied by an increase in fraud from internal and external parties.
 
To prevent further losses from occurring, a Risk Survey is needed which is very helpful for underwriting in terms of making a decision whether or not to accept the risk? If the risk is unacceptable, what can be done to make it acceptable?
 
Prospective Insured will get advice from our experienced Risk Engineers and will help them to reduce risks from hazards that will cause loss and business disruption.
 
The findings of our surveyors will be an added value for the needs of the Insurer and prospective insured because our Risk Engineer will provide a management standard comment related to Prevention and protection of hazards that can cause losses. So that the losses that will occur to the prospective insured and the insurer can be prevented or eliminated, with reduced losses will increase the company’s profits doubled.
 
The risk survey is a valuable tool in arranging adequate insurance and can cover a number of issues, bringing peace of mind to the insurer and the broker alike.

 
Our Inspection
List 1

ground test

Grounding Test

thermo test

Electrical Inspection

Hidrant test

Hydrant Test

Our Risk Engineers are very experienced in checking occupancy, processes, equipment, environments and natural disaster areas that will harm your business by referring to the prevention of hazards that will occur and protect if the danger occurs.
 
We will inspect the focus on how to prevent hazards from being categorized into fields:

  • Inspection to prevent property damage from possible fire, explosion and security problems.
  • Inspection to prevent the possibility of legal liability from third parties may be affected by your business operations.
  • Inspection to prevent Business Interruption seeing how a disaster can affect your business, how you handle it and how you can recover it from a disaster in order to be able to trade again successfully
  •  
    To prevent electrostatic and lightning strikes that cause fire or damage electronic equipment such as servers, PBX, computer networks, telecommunication networks, control systems, etc. required ground resistance and bounding system checks using earth meter and merger equipment.
     
    The electricity network, electrical equipment, machines that are being operated we check using infrared camera equipment so that it can be seen whether the equipment is in a normal condition.
     
    Risk Engineering will inspect the reliability of equipment and fire fighting teams in accordance with national and international standards, and check the network of smoke and heat detector systems, sprinkler systems, and hydrant systems. While the sprinkler system and hydrant system pressure are checked using pitot tube equipment.


     
    Our Risk Survey Report
    List 1

    The survey reports that we present to manage risk and bear properly (and profitably) for the insured, brokers and underwriters can know and understand the risks facing your business.>
     
    The risk survey carried out by our risk engineer is the right to offer a valuable and independent risk review and provide impartial information about the risk. This can include information about:

  • Construction of buildings, and special or unusual features
  • Exposures – both the internal exposure of the insured business itself and the work of other tenants in the building and the external exposure of neighboring businesses and surrounding features. This can include the possibility of floods, storms, theft, dangerous damage, or vandalism.
  • Housekeeping and business management, which can provide guidance for the insured’s moral risk
  • The process of making, any dangerous goods or dangerous processes
  • Review of electrical, maintenance and security systems and fire or explosion protection systems
  • Loss record: Property Damage and BI (Business Interruption) for each loss, information derived from the last 5 years
  • Loss Estimation such as Possible Maximum Loss (PML) and Estimated Maximum Loss (EML)
  •  

    Summary report: The summary only highlights the main issues and includes all relevant information and we provide scoring tables or ratings relating to hazards with excellent, good, fair, sub-standard, poor.
     
    Recommendations (RISK IMPROVEMENT Proposals): We will submit all findings in the field objectively to the insured before they are presented in the survey report, recommendations that we report using the standard literature of Allianz Risk consultants, NFPA (National Fire Protection Association, Global FM, API (American Petroleum Institute), etc.
     
    Armed with information from the survey reports that we made, brokers can provide accurate and reliable information to insurance companies or Underwriting systems.
     
    Our report in accordance with the General Insurance coverage standard and International standards such as Munich RE, Swiss RE, Lioyd’s, Berkshire Hathaway Inc, Hanover Ruck S.E. our core report as follows:

    Matriks

    Risk Matriks

    Rekomendasi

    Recommendation

    PML

    PML & EML

    Perbandingan Nilai Eksposur

    Comparison Of Exposures Value


     
    Our Risk Engineering Survey Service Cover Business Class :
    List 1

    • Property: Personal, Commercial, Industrial, Business Interuption
    • Engineering: Construction, Erection, Manchinery Breakdown, Machinery Loss Of Profit, Electronic Equipment, Heavy Equipment, Deterioration, Construction Plant Machinery, Civil Engineering Completed Risk
    • Marine, Aviation: Hull, Cargo, Builder’s Risk
    • Energy: Oil, Gas And Petrochemical Onshore/ Offshore
    • – Up Stream : Exploration & Development, Production
      – Middle Stream : Shipping, refining & Blending, Storage
      – Down Stream (Distribution, Pump Oil / Gas Station)

    • Power Plant: Generation, Transmission, Distribution
    • Plantation
    • Liability