Shelter Island Risk Services &
The Risk Management Process |
| IDENTIFY
ASSETS AND EXPOSURES |
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- CONCUR™ for computer-based Needs
Analysis
- Datamart Design and Build
- Build Interfaces to Exposure Data
- Access Risk Management Services
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| MEASURE
RISK |
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- Fit Severity Probability Distribution
- Fit Frequency Profile
- Data Mining
- Modeling and Forecasting Future Loss Costs
- Compliance with FASB and GASB Standards
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| CONTROL
RISK |
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Pre-Loss
- Statistical Analysis of Data
- Web-based Report Design
- Coordination of Human Resources, Safety Training,
Operations, Law & Disaster Planning
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Post-Loss
- Audit Claim Administration
- Metrics of Risk Service Performance
- Salvage
- Rehabilitation
- Subrogation
- Public Relations
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| RISK
FINANCE |
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Model
Risk Financing Plan:
- Self Insurance
- Captives
- Internal Allocation Plans
- Performance Incentives
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Transfer
Risks
- Test the trade-off between retention level, premium
savings, and risk
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| RISK
ADMINISTRATION |
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Provide
the information tools to:
- Develop RFP's
- Implement New Services
- Audit Performance
- Design Alerts & Dashboards
- Gap Filling for Risk Management Reports
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Design
a two-way flow of data for performance measurements of:
- Brokers
- Consultants
- Insurance Carriers
- Service Organizations
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| RISK
COMMUNICATION |
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- Risk Management Annual Report
- RM and Insurance Manual
- Total Cost of Risk Report
- Senior Staff Challenge Report
- Management Performance Metrics and Incentives
- Early Warning (Alerts) balanced Scorecard Reporting
- Executive Information System
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