Performance of consolidation of insurance schemes

The aim adopted as part of the Client’s order was to consolidate insurance schemes of several dozen entities with individual insurance solutions to date. According to the adopted strategy, the main priorities of the action were to achieve measurable cost benefits related to economies of scale and to achieve internal consistency of insurance of individual entities through a uniform insurance strategy.

• Establishing a single insurance programme for property, civil liability and vehicle fleet which secures the same level of protection for all entities;
• Implement effective management of insurance policy, take rapid and accurate decisions on the scope of protection;
• Simplification of procedures for managing and executing insurance contracts and handling
  in the loss adjustment process;
• Strengthening the Client’s negotiating position in contacts with insurers in the scope of obtaining the best possible terms and conditions of insurance;
• Obtaining uniform supervision over the implementation of the procedure for purchasing insurance services;
• Determining the parameters of insurance coverage in the long term.

Nord Partner’s activities resulted in measurable benefits consisting in reducing insurance costs as well as administrative costs related to the management of the insurance scheme. The solutions prepared on the basis of long-term insurance policy allowed for conscious creation and control of the objectives of insurance risk transfer.

Consolidation as a process has become an added value and has opened up new opportunities previously unavailable with a dispersed structure. The results of the process have become apparent in the short term after its implementation.