Risk Management Services Who provides loss control and risk assessment services? Who provides education and training? Who monitors performance? Who creates and provides management reports? Successful RRG or Group Captives have long recognized that these activities, along with; (1) direct claims settlement involvement, and (2) good pre-selection of risk, are the keys to long-term success. These services are paid for separately. Again, what is the extent and quality of these services? The cost may equal 2% of the Premium. There may also be a required separate charge to specific individual insured's that may require special services. Risk Management and Claims Management may be a combined IN HOUSE managed program for smaller geographical centered industry groups. ENTERPRISE RISK MANAGEMENT ORGANIZATION SERVICES The principles of Enterprise Risk Management (ERM) are important in reducing "compliance" -related risk as well as operational exposures. ERM primarily includes making certain that a business owners management strategies are developed so that the administration blends with the business owner’s tolerance for risks, and ensures that any decision to take risks are analyzed and understood with respect to all of the business operations and not just the ones in closest proximity to the decision. Next Page
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