Benefits to Clients

Pro-Risk can provide value added business solutions, which would be practical and pragmatic and also assist the Companies in its implementation.

Pro-Risk, through its advisory services and solutions, have added lot of value to its clients. To name a few :

Brought out operational efficiencies through its detailed study and review.
Brought out underwriting capacity issues and structural problems and helped the companies re-design the same with more efficiency.
Brought out critical mortality risk issues in the business, because of non-congruent underwriting and claims experience and business practices.
Creating a scientific customer data leads out of a cold calling database to assist the life insurance distribution team.
Helped Companies rework on specific product underwriting guidelines based on statistical and analytical reviews and business analytics.
Defining a wholistic Life Cycle Risk Management approach in Life Insurance Operations with control processes.
Helped Companies with some logical UW STP parameters by pointing out business gaps and existing underwriting guidelines.
Helped Companies with major process lapses that can lead to huge monetary losses.
Helped Companies with technical review of their Underwriting Decisions – classifying their underwriting decisions in Low / Medium / High Risks w.r.t. their conservative or aggressive approach: a unique offering in the industry.
Designed a Balanced Underwriting Policy.
Assisted IT Companies with insurance domain expertise and value added product offerings to its clients.

Review Philosophy & Values

Board Approved Policy Review
Provide right advice and control systems and assist in designing processes & policies
Assess the Business Quality, Underwriting & Claims Management
Check the Substance over Form in respect of Expected v/s Actual Results

Review UW Decision Logic & Processes
Review Claims Decision Logic & Processes
Review the Risk Control Unit’s modus operandi
Review the ERM Processes and Practices
Map all the processes and arrive at a proper Comprehensive Risk Management Structure of the Company.
Provide Special Consulting Support in Technical Underwriting & Claims Decision Making Process (Strategic only)
Provide special technical support for complex Underwriting & Claims cases.
Analytical Review Exercise to assist in generating logical analytical reports, interpreting the same and implementing right solutions based on the outcomes.

Balancing Business & Risk

How can Risk Management support Business further?
Claims mapping to Underwriting & Business and taking necessary risk control steps.
Support the Analytics team to enhance risk management and to increase business.

Startup – Transformation

Help Start Up Companies in designing right set of policies, processes and controls.
Assist in Transformational Processes.
Provide right advice by checking best practices in the industry.

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