
Consultancy
ABOUT BUSINESS CONSULTANCY
Charter Consulting Services focuses on helping businesses lower their cost of insurance whilst prudently managing their risk. With over twenty years of insurance experience, our Senior Consultants focus on bridging the gap between the client and the Insurance Company.
Whether your needs are on a project basis or as an outsourced risk manager we have the perfect solution for you.
- Desk Top Audit – A desktop audit is a high-level documentary review of policies and procedures. It is designed to verify that your business has developed and (at least on its face) implemented effective CoR (Chain of Responsibility) policies, procedures and contracting practices with regards to insurance.
- Gap Analysis – A gap analysis is a method of assessing the differences between your company’s insurance covers vis-à-vis the risks it is exposed to. The analysis determines whether your company’s insurance needs are being met and, if not, what steps should be taken to ensure they are met successfully.
- Insurance Compliance Audit – This is a comprehensive review of an organization’s adherence to insurance guidelines and mandatory requirements.
- Portfolio Restructuring – This is the recomposition of a clients insurance portfolio’s by self-insuring the undesired low risks the company has insured against, while simultaneously proposing insurance cover for the high risks the company is exposed to, that would likely expose the company to future unavoidable financial losses.
- Technical Support – As a value added service to our customers on whom we undertake insurance business consultancy, we provide all round insurance professional and technical support, and assist in trouble-shooting functions, as well as resolving insurance issues which they may face as a company.
- Self Insurance Options – Self-insure is a method of managing risk by setting aside a pool of money to be used if an unexpected loss occurs.
- Insurance Portfolio Management – Insurance portfolio (or book) management a critical look to a clients insurance processes and profitability vis-à-vis the costs paid out on Insurance. Clients need to understand not only how the portfolio has performed historically, but how each of these innovations affects the portfolio in terms of corporate growth and profitability
- Claims Outsourcing – Tired of slow turnaround on claims due to requests in documentation piece-meal? Engage us to professionally handle your insurance claims and assist your team in filing the relevant paperwork, with the claims filled properly. We have the necessary infrastructure and trained manpower to tackle this job well, and not only assist you save on claims turnaround times, but also provide technical support on the interpretation of the specific policy.
ENERGY INSURANCE
We have partnered locally to issue this speciality insurance, whose guidelines are as below;-Onshore/Downstream Energy: Maximum risk limit US$ 92m (Kshs 9.2B) sum insuredOffshore Energy: Maximum risk limit US$ 172m (Kshs 17.2B) sum insured
This insurance is open to a wide range of companies from start-ups through to junior oil and gas, major independent, companies and national and global energy firms, drilling contractors and oilfield service contractors; and firms operating in the renewable energy market.
Downstream/onshore – particularly like standalone operators, firms with low staff turnover, good risk management and loss history.
We partner with Insurance Companies that have a strong appetite for renewable energy, refineries, LNG, petrochemical and pipelines.
Additional capacity can be sourced through facultative reinsurance arrangements with A-rated
securities across the world..
Contact us today for further details
ABOUT INSURANCE RESOURCE RECRUITMENT
The Insurance function is necessary for any company, and may be embedded in the finance and/or Human resource department. We do resource recruitment for Insurance personnel and attract and find the right applicants for your company in a very tight and skills shortage market.
Our Graduate Trainee Programme
This empowers fresh graduates to penetrate the insurance industry, having passed through our basic training on the foundation of insurance and the overall insurance concepts. This allows companies to have efficient succession planning programmes as they build talent effectively and affordably, in house.
Non-Insurance Insurance Department
We ensure we provide you the right personnel who fits your skills set. In addition, we train you existing staff, involved in the insurance function, on how to manage your portfolio as well as provide supporting training, where necessary, to those other staff with key responsibilities in areas of financial losses, on how to mitigate the same.
Other Insurance Personnel
We source and recruit Insurance personnel from all ranks, and provide training to your staff in selected areas, so as to meet the companys human capital requirements.
Insurance Industry Staff
We source and recruit Insurance personnel specific to Insurance intermediaries and the insurance industry, who have already attended our training sessions, so as to save your company money and time in doing so. We coordinate interview sessions for you, and provide a summary of the top candidates from training sessions, whose documents have also been counterchecked. We also keep an updated database of probable candidates who seek career growth within the industry, in addition to head hunting candidates for specific jobs.