Purpose

Risk Management serves to help SLE and its carriers improve insurability through compliance with relevant guidelines, standards and observance of other relevant measures that may minimize the frequency and severity of claims. Accordingly, the following constitute the principal activities and projects of our Risk Management Team.

Staffing

SLE Loss Control relies on knowledgeable and experienced in-house loss control professionals for the unique expertise required to evaluate and improve the insurability of our prospective insureds.

Activities

• Loss Control Surveys - A risk management fundamental, surveys are conducted according to underwriting requirements for each type of risk and/or loss history analysis of the insured.
• Loss Analysis - Loss ratios can be improved by increasing premiums and/or reducing losses. SLE concentrates on the latter; searching through loss histories for patterns of claims that may respond to more effective loss control measures.
• Loss Control Bulletins - Loss control concepts and guidelines relevant to the needs of SLE‘s respective books of business, as gained from surveys, loss histories and information from the field is translated to one-page Loss Control Bulletins for distribution to clients.
• Special Projects - Risk Management will, at times, help legal, underwriting, marketing, claims and/or operations, find solutions to concerns that need special attention to improve the book of business and accompanying loss ratio.