OUR VALUE ADDED BENEFITS
Each CLOVER policy includes value added services because of our research and development team, which daily task is to check about the innovation in our industry and compare it to our issued policies. Also with our technical and legal team, CLOVER efcient roll out and delivery of its services.
The cost of effective risk management is often higher than the underlying premium.
Lack of interest from the insured
Many insurance buyers do not see the value in managing risk once they have purchased the policy. The attitude is generally that they have fullled their obligations by simply paying a premium. Any further risk management is seen as minimizing the insurer’s risk, rather than enhancing the business.
Inefcient roll out
Effective risk management services are expensive and often the insurers cut corners to keep costs down. Many risk services fall short and amount to nothing more than “window dressing”.
SO HOW IS CLOVER’S INPUT SUCCESSFUL?
CLOVER Manage to bear with the insurer’s help, the cost of the pre-risks surveys and the initial risk management during its 1st year of taking over new portfolios. Above will help CLOVER to highlight the risks and work on mitigating them, with the client, by implementing the necessary recommendations issued in the above pre-risk surveys/risk management reports. And nally work on migrating therisks by adjusting the policies rather than just issuing generic ones.