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Risk
Management Professional
Services
Blackburn
Group, Inc. provides risk management products and information that support enterprise risk
program and application solutions through our worldwide
distribution network. Our business
focus is to assist distribution organizations with the planning, selection,
implementation, and ongoing management of enterprise risk
management solutions.
To ensure
the success of our network, Blackburn Group, Inc.
has developed an integrated framework for our services that
enables us to provide expertise throughout the entire project
lifecycle. We call this framework our RiskPro
Project Methodology and
it includes visioning and strategy development, needs
assessment, vendor selection, business process improvement,
enterprise self service, systems implementation, end-user
training, and enterprise applications management.
Founded
in 1991, Blackburn Group, Inc. has been recognized as a leader
in the field of enterprise-wide risk, benefit, and related management. Our recognition of the need for professionals to
understand the risk management business,
and our ability to assist our distribution network in all phases of risk
management planning and systems deployment, has secured
Blackburn Group, Inc.’s reputation as a leader in its field.
Our Strengths
Blackburn
Group, Inc. delivers a unique combination of process,
functional, and technical knowledge to our distribution
network. Our strengths include:
·
Enterprise
Risk Management Program
Development Focus. The
depth and breadth of our experience with enterprise systems
means we have specialized expertise in the issues facing our
distribution clients. Our experience with our own RiskPro
platforms and other
leading software providers’ enterprise applications is
world-class.
·
Leveraged
Expertise. Blackburn
Group, Inc. owns proprietary data from over 26 years in the
risk management business. Our data and associated models
allow our distributors to benchmark individual organizations
risk costs. Our distributors are staffed by experienced
and qualified professionals. Their career experience
represents a great range of backgrounds, which have allowed
them to develop skills in various enterprise risk functions
and technology disciplines. This mix of data, technology, and
experience enables us to provide outstanding value to all of
our relationships.
·
Client-Oriented
Solutions. We tailor
our approach to respect the distribution client’s individual
culture, procedures, management style, and work environment.
We match our products and services to the client’s team’s
style, allowing the client to interview and approve each team
member if desired. We structure our tools and methods around
the client’s needs, ensuring we meet the client’s criteria
of success.
·
Value
Added Teaming and Commitment to Knowledge Transfer. Blackburn
Group, Inc. is committed to accomplishing full knowledge
transfer throughout any engagement to enable the distributors
ownership and administration of the solutions. Our products
and methodologies are designed to actively include the client
staff in the specification and design of the system. Our
end-user training and documentation is delivered to the client
through our distribution system to enable current and future
solution users to immediately feel comfortable in the desired
environment. Our goal is provide our distribution network with
turnkey solutions.
Our
Products and Information
We
deliver our solutions through our RiskPro
platform that allows our distributors
and their clients to control
each part of the process.
The process of risk management consists of four
distinct steps:
Risk
Identification
Gathering
information is generally the responsibility of the insured or
self-insured company who then sends the information to a
broker or other vendor.
Typically, the company keeps the information in static
files and may update them once at year when their broker asks
them to update the information.
If the business is advanced, they keep the information
in electronic spreadsheets or documents.
This
static form of risk identification is eliminated with our
solutions.
Each risk profile is dynamically saved and linked so
that any participant in the process may determine and obtain
their unique requirements.
Any unique risks are integrated seamlessly into the
mainstream process of risk management.
For specific clients or processes, we develop custom
modules to clearly identify the key elements of the risk.
An additional feature of our platform is the management
of data globally.
Local currencies are convertible to the domestic
currency for financial reporting purposes.
Risk
Measurement
When
risks have been clearly identified, then the quantification
process commences.
A client usually sends their risk information to
brokers or other vendors to determine risk costs (premiums or
other related costs).
An overall strategy is developed to mirror the
business’ tolerance for risk (deductibles or self-insured
retention) and the broker or vendor quotes a specific
solution.
Our platform offers the participants (business, broker,
insurance company, etc.) the opportunity to measure the
current and future costs in a dynamic and linked way.
Then, the client is best able to determine what the
current and future risk costs will be and is better able to
plan and finance those costs.
By opening the “black box” to everyone in the
process, redundancies and costs are eliminated and all
participants are better served.
The client receives the benefit of this form of risk
measurement versus traditional forms.
Risk
Monitoring and Reporting
By
linking all of the necessary data in the risk management
process, the reporting and monitoring process becomes very
simple.
All documentation requirements are met by simply
creating a specific report or viewing an electronic form.
The report information may be viewed electronically,
then transmitted in a variety of different forms depending
upon the user preferences.
Users are given access to the platform based upon their
business requirements.
For example, system administrators will have full
access to all areas and claim adjusters may only have access
to the claim functions.
Since the participants are not struggling with
processing the information when they use our platform,
monitoring and reporting the activity become more focused on
the quality of the content.
Effective strategies and tactics are developed to
address all risk management issues.
Risk
Management
To
develop effective strategies to address the business risk
issues, managers need a dynamic information flow from all
participants in the process.
Our solutions allow a seamless flow of information so
that specific earnings or cost impact scenarios may be
analyzed before they are deployed.
A continual flow of information is required to make
individual judgments on particular risk issues such as
underwriting program design or claim management.
Experience
Our
principals have been risk managers for over 28 years.
The industry has undergone turbulent times during these
years and our principals understand the issues that you face.
Our solutions include all of the traditional and
alternative risk finance and management vehicles noted below:
Property
and Casualty
General
Liability
Automobile
Workers Compensation
Professional
Liability Exposures
(Directors & Officers, General Partnership Liability,
Employment Practices Liability and Errors & Omissions)
Catastrophe Bonds (Earthquake, Wind, etc.)
Captives
Contract
Review
Employee
Benefits (Health, Life, Disability)
Premium
Allocation Systems
Commodity
Price Hedging (Electricity, Gas, Water, etc.)
Claims
Management
Capital
Market Compliance
Owner-Controlled
Insurance Programs/Wrap-Ups
Maintenance,
Bid and Performance, Surety Bonds
Program
Data Mining and Modeling
Tenant/Resident
Group Insurance
Group
Purchasing Programs
And
More....
Please
contact us for a distributor in your area.
Blackburn Group,
Inc.
Penfield, NY 14526-0052
(585) 586-4530, (585) 586-7479 fax, Email: sales@blackburngroup.com
RiskPro
is
a registered trademark of Blackburn Group, Inc.
Copyright
2006 Blackburn Group, Inc. All rights reserved.
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