The aim of insurance running monitoring by Erigo is to analyze the effectiveness of concluded insurance (all types) in relation to their influence on the company’s operational activity and of the influence of real changes on the cover’s size and quality.

This process is one of the elements of Erigo’s offer, targeted at working out an individual, long term and optimal for this company insurance strategy, comprising different types of insurance.

Erigo proposes to conduct a risk audit, thanks to which the awareness of potential hazards will rise and a prevention system and loss re action procedure will be started. The next step of Erigo’s consulting service is an insurance audit. Owing to that the given company will gain recommendations allowing controlling financial means spent on risk securitization.

Monitoring the running of insurances during their validity period means controlling their periods and scopes in accordance with general terms and conditions, special conditions, and changing state of affairs, for example increase of assets or number of employees. Erigo’s activity is aimed at introducing an independent evaluation of processes connected with protection and cost optimization – taking into account the fact that this influences in a great extent the adjustment of risk realization.

Erigo, acting In a part as an Insurance Law Office, offers the possibility of obtaining current information on changes in insurance law as well as domestic and foreign trends in financial markets’ development. These can – directly or indirectly – influence the situation In the Given organization. Erigo’s offer gives even wider possibilities of risk securitization – an audit of the security situation pertains also to contractors, who constitute an extremely important risk potential for the organization. A contractor who is badly or insufficiently secured can constitute a very serious element weakening the protection of business continuity. Monitoring has also an impact on the protection of your interest in case of recourse claims. 

In case of losses Erigo will propose an Essentials support for the given entity’s people/department responsible for insurance. Erigo will work out and implement internal proceedings principles for employees in case of a loss occurrence, and will improve their cooperation In the field of contacts with insurance companies, intermediaries, etc.  

Erigo is also offering assistance in the scope of loss and claim adjustment aimed at attaining insurance effectiveness through help in obtaining a maximum compensation.       

          
The aim of insurance running monitoring by Erigo is:
1.    Supervising insurance strategy execution
2.    Attaining an optimal level of effectiveness of the concluded insurance,
3.    Control over periods and scopes of insurance in accordance with General Terms and Conditions of Insurance
4.    Control over the state of the organization’s contractors’ state of insurance coverage (in the scope in which this can influence the financial security),
5.    In case of losses – inspection of their causes and effects,
6.    Adoption of mutual activity aimed at elimination/limitation of loss occurrence risk,,
7.    Improvement of loss adjustment processes,
8.    Attainment of insurance effectiveness by assistance in optimal loss coverage,
9.    Indication of alternative forms of loss coverage and of activities connected with restoration of the company’s normal operations in order to work out advantageous insurance.

Advantages for the Client:
1.    Possibility of obtaining current information on insurance law changes which do or may directly or indirectly influence the organization’s financial (including Insurance) situation,
2.    Possibility of modification (adaptation) of possessed insurances in connection with information provided by Erigo,
3.    Evaluation of the safety of the organization’s cooperation with a given contractor,
4.    Possibility of undertaking early activities which will fulfill changing law’s requirements,
5.    Essentials support for people/department of the organization responsible for insurance, through working out and implementation of employees’ proceedings principles in case of a loss occurrence,
6.    Obtaining indemnities form Insurers in the shortest time possible,
7.    Covering losses by Insurers (in the scope of Insurers’ liability from not only insurance contracts, but also general law regulation),
8.    Transfer of tasks – up to now burdening the organization – connected with loss adjustment,  to an external entity, meaning Erigo,
9.    Protection of the organization against recourse claims.