Organizations now have a variety of options to choose from when deciding how to protect their risks. The “broad-brush” approach of the past doesn’t work anymore. Today, we need to tailor risk programs that meet the financial and exposure considerations of our clients — risk solutions and not insurance solutions.

As your risk advisor, we need to be creative and offer new solutions to keep up with the changing needs of our clients. Since each organization has unique risk issues, one size doesn’t fit everyone. Instead, we help our clients to become comfortable with the potential advantages and disadvantages of creating an alternative risk program. We do this though a Risk Funding Feasibility Study.

The objective of performing a feasibility study is to evaluate the benefits provided by a risk program and to verify how the costs measure up to to the current method of funding risks. The study will typically consider:

·        Premium volume that will make the program financially viable

·        Loss analysis

·        Availability of services to support the program.

·        The risks of the client

·        The most suitable structure for the program

·        Estimated program costs

·        Does the program accomplish what you want it to?"

·        Are there other alternatives?

·        Does the program make sense?