Eagle Risk & Claims Services
The only way to be totally client focused is to provide specialized services in conjunction with the insurance products.
Insurance coverage only considers part of an exposure; it needs to be supported with a solid risk management strategy and plan to reduce the possibility of a loss and minimize the impact of a claim on the company’s employees and balance sheet.
These services are provided by Eagle and our various partners, and includes:
Risk Management — we provide expertise in the identification, assessment, and prioritization of risks (including hazard, financial, operational, enterprise, legal, strategic). This enables the client to minimize, monitor, control and transfer risk and realize new opportunities to grow their business.
Claims Management — we provide investigation, examination, and settlement of claims and litigation. We offer services for self-insured companies and groups, including deductible programs. Additionally we can assist companies and insurers in the identification of loss trends, audit, and the mitigation of claims.
Other Services — these include areas such as arbitration, restoration, and legal through third party vendors. In addition, we will conduct seminars and training sessions to raise risk awareness and transfer our knowledge.
Supply Chain Risk Management
Global supply chains are being tested by major economic, political, and other incidents, and have become more vulnerable to disruptions. The ability to consistently deliver product quickly, reliably, and at a low cost is essential to a businesses’ value proposition.
These difficult times demand greater scrutiny throughout the extensive supply chain. Some companies are beginning to pay more attention to issues such as supplier financials and inventory management. But others are going beyond these short term considerations. For them there is an opportunity to really get to know their supply chains, with a view to enhancing their supply chain to ensure business continuity.
Businesses need to perform security checks on their whole supply chain. They will have to analyze and counteract every possible scenario of danger to protect their supply chain.
By identifying the largest potential business interruption impacts and analyzing critical suppliers, they can make better risk-based decisions and design business continuity plan to protect their business.
Supply chain assessment helps identify areas of potential risk, provide estimated maximum loss figures and financial impact of supplier failure, and provide improvements to the supply chain risk management processes.
Key areas of risk management control:
- Product management and new product development.
- Supplier selection – how do they manage their supply? Who are the most critical to strategy, operations, performance, and reputation? This will focus attention on those who generate the most benefit, and on others whose failures could be catastrophic.
- Business Interruption modeling and business continuity management.
- Commercial contract management.
- Part of Risk Management includes crisis communication and product recall.
Adopting this approach throughout the life cycles of supply chain activities requires continuous monitoring and analysis to know suppliers better and strengthen key relationships.