(Annual Revenue: >£250m, net assets > £50m)

Was paying premiums of c£1m pa (+IPT), now reduced to <£0.2m pa (+IPT)

c£5m premium savings in last 5 years, with new insurers

Huge reduction in resources needed for renewals, now below OJEU (public sector) limits

Previous broker’s advice suggested premiums should increase

Post strategy review 5 years later confirmed net savings of £3m+ [£5m premium saving, less £2m more optimal risk financing costs]

(Annual Revenue: >£250m, net assets > £250m)

Was paying premiums of c£1m pa (+IPT), now reduced to <£0.2m pa (+IPT)

Actuarially designed and implemented fully-optimised bespoke programme

Client publicly reported £500k pa of ongoing savings from “Insurance Redesign”, net of fees etc.

(Annual Revenue: >£250m, net assets > £50m)

Client exempt from ELCI/RTA

Spent last 20+ years buying separate liability, motor, property policies

Designed & priced single whole account cross-class alternative, premiums reduced £2m to £0.2m.

Annoyed at increasing premiums, despite improving claims experience

Used to buying low excess RTA compliant motor policies (expensive)

Unaware of RTA S144 exemption (now removed from Aug 2019) to enable self-insurance and/or with high-level CAT [catastrophe] cover (cheap)

(Annual Revenue: >£250m, net assets > £50m)

Review of historic broker advice over many years

At least £10m loss/excessive premium spend from poor advice/poor premium negotiation.

Broker removed, new, more stringent broker tender designed & executed.

(Annual Revenue: >£250m, net assets > £50m)

Designed bespoke property programme, with corresponding broker tender

Existing broker responded to tender, but scored very poorly, thus replaced.

(Annual Revenue: >£250m, net assets > £50m)

Exempt from EL cover

Current, off the shelf policy: same EL/PL limits bought for 20+ years

Designed, priced and negotiated a bespoke (cheaper) policy

Split EL/PL limits in best interest of client: EL exposure much more quantifiable, substantial premium savings